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A firm produces 100 computers. Its total costs are $80,000 of which fixed costs are $30,000. What are its: Average Fixed Costs Average Variable Costs

A firm produces 100 computers. Its total costs are $80,000 of which fixed costs are $30,000. What are its:

  1. Average Fixed Costs
  2. Average Variable Costs
  3. Average Total Costs
  4. When it produces another computer its total costs rise to $80,700. What is the marginal cost of the 101stcomputer?

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