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Please look the attached photo and answer the questions: 1. How much the average variable cost of production at 70 units output?2. How much the

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Please look the attached photo and answer the questions: 1. How much the average variable cost of production at 70 units output?2. How much the average cost of production at 70 units output?3. How much the total variable cost of production at 70 units output?4. How much the total cost of production at 70 units output?5. How much the marginal cost of production at 70 units output?6. How much the fixed cost of production at 70 units output?7. How much the average fixed cost of production at 70 units output?

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PRINCIPLES OF ECONOMICS Third Edition All Rights Reserved @ Oxford Fajar Son. Bhd. (008974-T), 2013 6-0 Question: The following diagram shows the cost curves. Answer Following questions E MC 12 11 10 AC AVC 10 20 30 40 50 70 80 100 Quantity PRINCIPLES OF ECONOMICS Third Edition All Rights Reserved Oxford Fajar Son. Bhd. (008974-T), 2013 6-0

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