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A typical firm in the ballpoint pen industry such as Maria's Pens has the following total cost and marginal cost schedules: = .252 + 200
A typical firm in the ballpoint pen industry such as Maria's Pens has the following total cost and marginal cost schedules: = .252 + 200 + 100 and = .5 + 200 where quantity is measured in units of a thousand pens.
Graph the fixed, variable, and total costs.
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