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a. What is this manufacturer's fixed cost? b. For each level of output, calculate the total variable cost [TVC]. For each level of output except
a. What is this manufacturer's fixed cost?
b. For each level of output, calculate the total variable cost [TVC]. For each level of output
except zero output, calculate the average variable cost [AVC], the average total cost [ATC],
and the average fixed cost [AFC]. What is the minimum average cost output?
c. For each level of output, calculate this manufacturer's marginal cost [MC].
d. In one diagram, draw the manufacturer's AVC, ATC, and MC curves.
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