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Consider the firm's cost shown in the table below. At what quantity is the average total cost the lowest? Qty Total Cost 200 10 400

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Consider the firm's cost shown in the table below. At what quantity is the average total cost the lowest? Qty Total Cost 200 10 400 20 700 30 800 40 1100 30 10 40 O 20 Question 12 (1 point) Which of the following is an implicit cost? You pay $350 for textbooks You pay $4,000 for tuition O You have to pay $20 in library late fees

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