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Given the following data, calculate the total fixed total variable and marginal costs at each level of production. Quantity Total Cost Total Fixed Cost Total
Given the following data, calculate the total fixed total variable and marginal costs at each level of production.
| Quantity | Total Cost | Total Fixed Cost | Total Variable Cost | Average Total Cost | Marginal Cost |
|---|---|---|---|---|---|
| 0 | $100 | ||||
| 1 | $20 | ||||
| 2 | $30 | ||||
| 3 | $100 | ||||
| 4 | $75 |
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Step: 1
Quantity 0 Total Fixed Cost 100 Total Variable Cost 0 since theres no production all costs are fixed ...
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
