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Questions on Costs of Production completing the table Consider the following cost information: a.AFC for 5 units of output is $2000. b.AVC for 4 units

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Questions on Costs of Production completing the table

Consider the following cost information:

a.AFC for 5 units of output is $2000.

b.AVC for 4 units of output is $850.

c.TC rises by $1240 when the sixth unit of output is produced.

d.ATC for 5 units of output is $2880.

e.It costs $1000 more to produce 1 unit of output than to produce nothing.

f.TC for 8 units by output is $19,040.

g.TVC increases by $1535 when the seventh unit of output is produced.

h.AFC plus AVC for 3 units of output is $4185.

i.ATC falls by $5100 when output rises from 1 to 2 units.

Using this information, complete the following table:

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