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Given the information in the table below, fill in the marginal cost (MC) and average total cost (ATC) columns Some equations profit=TR-TC AVC=VC/Q TR=P*Q ATC=TC/Q
Given the information in the table below, fill in the marginal cost (MC) and average total cost (ATC) columns
Some equations
profit=TR-TC AVC=VC/Q
TR=P*Q ATC=TC/Q
TC=FC+VC MR=change in TR/change in Q
PV=M/i MC=change in TC/change in Q
PV=M/(1+i)^t
Q VC($) FC($) MC($) ATC($)
0 0 900
50 50 900
120 100 900
160 150 900
180 200 900
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