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Soma & Co. obtains a fixed input in every production cycle in the form of lease rentals of long-term lease on its warehouse building. Use
Soma & Co. obtains a fixed input in every production cycle in the form of lease
rentals of long-term lease on its warehouse building. Use the following data on
variable costs incurred by the firm for four production cycles in order to compute
the average cost, average variable cost, and marginal cost for the output rate given.
Q Total variable cost
1 Rs. 1000
2 Rs. 1500
3 Rs. 2000
4 Rs. 2500
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