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Q1 You have collected the following data on output and total variable costs: Q TVC $ 10 24,450 20 39,600 30 48, 150 40 52,800

Q1 You have collected the following data on output and total variable costs:

Q TVC $ 10 24,450 20 39,600 30 48, 150 40 52,800 50 56,250 60 61,200 70 70,350 80 86,400 90 112,050 100 150,000

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