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Question 1 The following table presents data on the various costs at different levels of outputs. At first, use the number given by the instructor
Question 1 The following table presents data on the various costs at different levels of outputs. At first, use the number given by the instructor for TFC. 3} Complete the table (50 points} II) Explain whv MC increases later and how it is connected to MP. (20 points} EJSuppose the firm is operating in a perfectlv competitive industrv and the market price is $200. How manv products will the firm produce in the short run? {10 points}
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