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Can you please help me answer the following questions? Quantity Average Variable Cost Variable Cost Total Cost Marginal Cost Average Total Cost 1 $15 $15
Can you please help me answer the following questions?
Quantity | Average Variable Cost | Variable Cost | Total Cost | Marginal Cost | Average Total Cost |
1 | $15 | $15 | $55 | $55 | |
2 | $20 | $40 | $80 | $25 | $40 |
3 | $30 | $90 | $130 | $50 | $43 |
4 | $40 | $160 | $200 | $70 | $50 |
5 | $50 | $250 | $290 | $90 | $58 |
6 | $60 | $360 | $400 | $110 | $67 |
If the price for a pair of shoes is currently $90, what is the total quantity supplied i If the price for a pair of shoes is currently $90, what is the total quantity supplied in the market? Explain how you determined your answer
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