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If Yasir's fixed cost is Rs. 30 Calculate variable cost, average fixed cost, average variable cost, average total cost, and marginal cost. What is the
If Yasir's fixed cost is Rs. 30
- Calculate variable cost, average fixed cost, average variable cost, average total cost, and marginal cost.
- What is the efficient scale of Yasir's tea stall?
- Graph the curves for total cost, ATC, AVC, AFC, MC. Explain shape of these curves and the relationship between ATC and MC.
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