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A firm's cost curves are given in the following table Ty IF THE AVC TO IM $100 5100 DO 50 190 10 0 72 DO

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A firm's cost curves are given in the following table Ty IF THE AVC TO IM $100 5100 DO 50 190 10 0 72 DO 10 0 210 100 240 10 0 2531 ) 100 190 340 Complete the table Graph AVC ATC and MC on the same graph . What is the relationship between the MC curve and the ATC and between MC and AVC ? C . Suppose market price is $30 How much will the firm produce in the short run ? How much are total profits I Suppose market price is $50 How much will the firm produce in the short run ? What are total profits

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