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Exhibit 6-7 Cost schedule for a firm QuantityTot Marginal Cost S 200 900 $900 3,000 5) In Exhibit 6-7, by filling in the blanks it

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Exhibit 6-7 Cost schedule for a firm QuantityTot Marginal Cost S 200 900 $900 3,000 5) In Exhibit 6-7, by filling in the blanks it can be determined that the fixed costs are 6) In Exhibit 6-7, by filling in the blanks it can be determined that the marginal cost of the first unit of output is 7) In Exhibit 6-7, byfilling in the blanks, it can be determined that the marginal cost of the third unit of output is 8) Which of the following statements is true? B. 200 B. 700. B. 200 C. 900 C. 900 C. 700 D. 1,000 D. 1,000. D. 1,200 E. 3,000 E. 3,000 E. 2,000. A. 200 A 0 A. TC TFC TVC. B. AVC=TC/Q C. TFC TC - TVC D. MC equals the change in ATC divided by the change in Q. Which of the following is an example of a fixed cost for a fishing company? A The cost of hiring a fishing crew. B. The fuel costs of running the boat C. The monthly loan payment on the boat D. The supply of nets, hooks, and fishing lines E. Bait 9)

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