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Please help me with this, explanantion isnt neccessary for me as long as they are correct. (1A) Refer to the figure below. Assuming the firm

Please help me with this, explanantion isnt neccessary for me as long as they are correct.

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(1A) Refer to the figure below. Assuming the firm chooses the level of output that maximizes profit, what is total variable cost at that output level? 36 32 MC1 28 24 ATC 20 D1 AVC1 12 Co A 2 4 6 8 10 12 14 16 18 (A) $176 (B) $192 (C)$160 (D) $220 (1B) Which of the following economic terms best describes a situation in which the participants have all the knowledge needed to make the best decision? (A) total knowledge (B) perfect or complete information (C) asymmetrical information

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