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The following table shows average costs and revenues at different levels of production. The average cost at the first level of production is __________. The

The following table shows average costs and revenues at different levels of production.

The average cost at the first level of production is __________. The marginal cost at the third level of production is _________.

  • a.)
  • b.)
  • c.)
  • d.)

$2.38; $0.77

$2.38; $0.74

$4.75; $0.77

$4.75; $0.74

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