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Question 1 Based on your knowledge of the definition of the carious measures of short-run cost, complete this table: Q TC TFC TVC AC AFC
Question 1
Based on your knowledge of the definition of the carious measures of short-run cost, complete this table:
Q | TC | TFC | TVC | AC | AFC | AVG | MC |
0 | 120 | X | X | X | X | ||
1 | 265 | ||||||
2 | 264 | ||||||
3 | 161 | ||||||
4 | 85 | ||||||
5 | 525 | ||||||
6 | 120 | ||||||
7 | 97 | ||||||
8 | 768 | ||||||
9 | 97 | ||||||
10 | 127 |
Please show me your computations and based on which rule you use ?
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