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Suppose that a firm is currently employing 20 workers, the only variable input, at a wage rate of $60.The average product of labor is 30.The

Suppose that a firm is currently employing 20 workers, the only variable input, at a wage rate of $60.The average product of labor is 30.The last worker added 12 units to the total output, and the total fixed cost is $3,600.

a) Derive or calculate the firm's Total Output.

b) Derive or calculate the firm's Total Cost.

c) Derive or calculate the firm's Average Total Cost.

d) Derive or calculate the firm's Marginal Cost?

e) Derive or calculate the firm's Average Variable Cost?

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