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Answer the following A firm has a choice of two different technologies to produce its product. The first technology has a total fixed cost of

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A firm has a choice of two different technologies to produce its product. The first technology has a total fixed cost of $1,000 and a constant marginal cost of $180. The second has a total fixed cost of $1,400 and a constant marginal cost of $50. Use table below to gather the information needed to determine the output levels where Technology I would give the lowest total cost and those output levels where Technology II would give the lowest total cost. Output TC I ($) TC II ($) 0 1000 400 1180 1450 U F W N 2360 8 10 a. What output levels is it best to use Technology 1? Use technology 1 for output levels to b. What output levels is it best to use Technology 2? Use technology 2 for output levels to

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