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Fill in the blanks: Q TC TFC TVC AFC AVC ATC MC 100 260 60 200 0.30 300 0.50 400 1.05 500 360 600 3.00
Fill in the blanks: Q TC TFC TVC AFC AVC ATC MC 100 260 60 200 0.30 300 0.50 400 1.05 500 360 600 3.00 700 1.60 800 2040 1. Graph Q vs. TC, TFC, & TVC, and Q vs. AVC, ATC, & MC 2. Your boss wants to know where production is most efficient; what would you say? 3. Why might you not consider only producing up to the output you told your boss above
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