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Question 10(Table: Cost Data) What is the value of total fixed cost for this firm?A) $0B) Total fixed cost cannot be determined from the information
Question 10(Table: Cost Data) What is the value of total fixed cost for this firm?A) $0B) Total fixed cost cannot be determined from the information given. C) $100D) Total fixed cost for this firm varies depending on the level of output. Question 11(Table: Cost Data) What is the value of variable cost for this firm when the firm produces 2 units of output?A) $130B) $100C) $155D) $30Question 12(Table: Cost Data) What is the marginal cost of producing the 4th unit of output?A) $60B) $235C) $335D) $15
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