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Suppose each worker costs $75 regardless of the productivity and each set of tool costs $100.. Construct a table that shows the total cost, total
Suppose each worker costs $75 regardless of the productivity and each set of tool costs $100.. Construct a table that shows the total cost, total variable cost, total fixed cost, average total cost, average variable cost, average fixed cost and marginal cost for the output level given from a ) to j).
n) Plot the TC, TVC and TFC in a graph with Q on the x-axis and $ on the y-axis.
o) Plot the ATC, AVC, AFC and MC in a graph with Q on the x-axis and $ on the y-axis.
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