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Homework Assignment 02 (5% marks) Managerial Economics (ECON 3001) You are required to submit your homework (assignment) based on considering the following questions: Labor Output
Homework Assignment 02 (5% marks) Managerial Economics (ECON 3001) You are required to submit your homework (assignment) based on considering the following questions: Labor Output (Q) TFC TVC TC MC AVC AFC ATC C D 0 18 37 w among 57 76 94 G 111 ***The above schedule shows that a factory has seven production plants: A, B, C, D, E, F & G. The labor cost (per labor) is 20.00 taka and total fixed cost per production plant is 40.00 taka. Based on the above information, calculate all TFC, TVC, TC, MC, AVC, AFC & ATC for all production plants. Then draw three different diagrams where you will draw TFC, TVC and TC curves in 1" diagram, MC curve in 2" diagram, and AVC, AFC & ATC curves in 3" diagram. While drawing the diagrams, consider all the production plants' cost
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