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Please answer these questions about this graph: 1) Why is ATC (Average Total Cost) above AVC (Average Variable Cost)? 2) What is the cost at

Please answer these questions about this graph: 1) Why is ATC (Average Total Cost) above AVC (Average Variable Cost)? 2) What is the cost at 60 units of output? 3) if this firm is profitable and you drew a marginal revenue curve, where would maximum profit be (i.e. where would it intersect one or more of these curves?

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