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please include formulas with numbers to help explain how you got it. Table 1 begin{tabular}{|c|c|} hline CasesofLEDlightbulbsproducedinanhour & Total Costs hline 0 & $4,500
please include formulas with numbers to help explain how you got it.
Table 1 \begin{tabular}{|c|c|} \hline CasesofLEDlightbulbsproducedinanhour & Total Costs \\ \hline 0 & $4,500 \\ \hline 10 & $4,900 \\ \hline 20 & $5,100 \\ \hline 30 & $5,300 \\ \hline 40 & $5,400 \\ \hline 50 & $5,700 \\ \hline 60 & $6,700 \\ \hline 70 & $7,900 \\ \hline 80 & $9,700 \\ \hline 90 & $11,800 \\ \hline \end{tabular} 2. Using the data from Table 2 below, show at least one step-by-step calculation for each of the following: a. Variable Costs (VC) (Enter your response here.) b. Average Variable Costs (AVC) (Enter your response here.) c. Arerage Total Costs (ATC) d. Average Fixed Costs (AFC) e. Marginal Costs (of a single case)Step by Step Solution
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