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Suppose the short-run total cost of producing T-shirts can be represented as STC = 50+ 2q, where q is the level of output. The

 

Suppose the short-run total cost of producing T-shirts can be represented as STC = 50+ 2q, where q is the level of output. The average and marginal costs of the 5th t-shirt are: O 12 and 2 O 50 and 2 O 50 and 10 O 12 and 10

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