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Refer to the figure below. Assuming the firm chooses the level of output that maximizes profit, what is total cost at that output level? 28

Refer to the figure below. Assuming the firm chooses the level of output that maximizes profit, what is total cost at that output level?

28 24 12 3222262 MC1 ATC1 20 D1 16 AVC1 4 2 4 6 8 10 12 14 16 18 0 0 0

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