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The following table shows the relationship between output and the total cost of production for a firm. Output Total Cost 0 $400 1 600 2

The following table shows the relationship between output and the total cost of production for a firm. Output Total Cost 0 $400 1 600 2 760 3 900 4 1,040 5 1,220 This firm has a U-shaped Multiple Choice average fixed cost curve. total cost curve. marginal cost curve. total variable cost curve

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