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Question 11 In the table below, Q is Quantity, TC is Total Cost, TVC is Total Variable Cost, AVC is Average Variable Cost, AC is

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Question 11 In the table below, Q is Quantity, TC is Total Cost, TVC is Total Variable Cost, AVC is Average Variable Cost, AC is Average Total Cost, and MC is Marginal Cost (all expressed in dollars). Use your knowledge of production costs to replace letters A to J with their corresponding values. Q TC TVC AVC ATC MC 0 60 0 1 70 10 A 70 10 N 80 B 10 40 10 3 90 30 C D E 4 104 F G 26 H 5 120 60 12 24 16 6 150 25 30Question 12 Consider the same information and directions in question 11. Based on your calculations, which of the following alternatives is correct? Which of the following alternatives is correct? (a) F = 14, G = 11, H = 14, 1 = 80, and J = 15 (b) F = 15, G = 14, H = 15, 1 = 80, and J = 11 (c) F = 44, G = 14, H = 11, 1 = 90, and J = 11 (d) F = 44, G = 11, H = 14, 1 = 90, and J = 15

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