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Assume that a purely competitive firm has variable costs as indicated in the following table in column 2. The firm has a total fixed cost
Assume that a purely competitive firm has variable costs as indicated in the following table in column 2. The firm has a total fixed cost of $40. Output TVC O $0 1 55 2 75 3 90 4 110 5 135 170 220 8 290 At a product price of $52, number of units produced by this firm is equal to:Question 9 2 pts In question 5, when product price of $22, the number of units produced by this rm is equal to: O 8 units O 3 units (j 5 units (:3 2 units O 1 unit O 4 units (j I" units (:3 5 units on
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