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Production costs also consist of short-term production costs and long-term production costs. Short-run production costs are derived from the short-run production function. From the data

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Production costs also consist of short-term production costs and long-term production costs. Short-run production costs are derived from the short-run production function. From the data table below, answer each question asked! i. Compute the average variable cost, average total cost, and marginal cost for each number of glasses! ii. Draw the three curves. What is the relationship between the marginal cost curve and the average total cost curve? What is the relationship between the marginal cost curve and the average variable cost curve? Tell! iii. Are there fixed costs in the above case? if so, how much is the

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