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Costs for producing mobile phones are shown in the table below. Labor Quantity Fixed Cost Variable Cost Total Cost Marginal Cost Average Total Cost 0
Costs for producing mobile phones are shown in the table below. Labor Quantity Fixed Cost Variable Cost Total Cost Marginal Cost Average Total Cost 0 0 $ 20 $ 20 1 23 $ 20 $ 4 $ 24 2 50 $ 20 $ 8 $ 28 3 81 $ 20 $ 12 $ 32 4 104 $ 20 $ 16 $ 36 Calculate the average total cost for producing 50 mobile phones. Round your answer to the nearest hundredth
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Macroeconomics Principles and Applications
Authors: Robert e. hall, marc Lieberman
5th edition
1111397465, 9781439038970, 1439038988, 978-1111397463, 143903897X, 9781439038987, 978-1133265238
