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Given the following table: OUTPUTS= 0,1,2,3,4,5,6 TOTAL COST= 20,29,37,44,50,57,65 Part 1:The TVC of producing 4 units of output is ? Part 2:The AFC of producing
Given the following table:
OUTPUTS= 0,1,2,3,4,5,6
TOTAL COST= 20,29,37,44,50,57,65
Part 1:The TVC of producing 4 units of output is ?
Part 2:The AFC of producing 6 units of output is ?
Part 3:The marginal cost of producing the fifth unit of output is ?
Part 4:The ATC of producing 5 units of output is ?
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