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Econ 221 - Intro Microeconomics Spring 2022 Exam 2 Part A Dr. Jennifer J. Smith 2) Complete the following table. Assume market price is $7

Econ 221 - Intro Microeconomics Spring 2022 Exam 2 Part A Dr. Jennifer J. Smith 2) Complete the following table. Assume market price is $7 per unit. (14 Points) ATC AVC MC TR MR Profit 4.5 3) Plot the following data on quantity of production and long run average cost for a firm. Are there economies of scale, diseconomies of scale, or constant returns to scale? Indicate these

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