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a. Complete the following cost schedule by computing marginal cost, average fixed cost, average variable cost, and average total cost Instructions: Round your responses to

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a. Complete the following cost schedule by computing marginal cost, average fixed cost, average variable cost, and average total cost Instructions: Round your responses to the nearest whole number. Rate of Output 0 Total Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost $300 1 350 2 500 3 4 800 1,100 1,600 5 b. At what output rate is average total cost minimized? units

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