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Subject: microeconomics Question 1 Suppose the demand schedule for compact discs is as follows: Units of Total Average Marginal Labor Product Product Product 20 30

Subject: microeconomics

Question 1

Suppose the demand schedule for compact discs is as follows:

Units of Total Average Marginal Labor Product Product Product 20 30 66 10 16 78 10OUTPUT FC VC TC MC AFC AVC ATC 0 50 0 1 50 90 2 50 120 3 50 165 4 50 220 5 50 290

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