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Help me solve this im in exam Question 16 If you have the following table that shows the costs of certain firm (4 marks) (1

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Help me solve this im in exam

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Question 16 If you have the following table that shows the costs of certain firm (4 marks) (1 mark for each) Quantity Fixed cost Variable costs Total cost Marginal cost (MC) Q (FC) (VC) (TC) 0 A 6 UI AW NE 23 8 26 50 1. Based on the above table, does the firm operate in short run or long run? why? 2. Based on the above table, what is the value of fixed costs if the firm produces 2 units? 3. Based on the above table, what is the value of marginal costs at 4 units? 4. Based on the above table, what is the value of Average Total Costs (AC) at 5 units

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