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Refer to the table below. The average variable cost of producing 3 units of output is equal to Output Total cost 0 $24 I 33

Refer to the table below. The average variable cost of producing 3 units of output is equal to Output Total cost 0 $24 I 33 2 41 3 48 4 54 5 61 6 69 Select one: a. $48 b. $37 c. $16 cl. $8 e. none of the above

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