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L Q 25 2 10 5 20 9 30 14 20 40 50 3) A firm's production function for pretzels is shown in the

L Q 25 2 10 5 20 9 30 14 20 40 50 3) A firm's production function for pretzels is shown in the above figure. If the firm's fixed cost equals $100 per time period and the wage rate equals $1 per unit of labor per time period, calculate the firm's MC, AVC, and AC schedules. Do these cost functions follow the general rules concerning the relationships between MC, AVC and AC?

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