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. (The Short-Run Firm Supply Curve) Use the following data to answer the questions below: See the textbook for the data... Q VC MC AVC

. (The Short-Run Firm Supply Curve) Use the following data to answer the questions

below: See the textbook for the data...

Q VC MC AVC

1 $10 $10 $10

2 $16 $16 $8

3 $20 $20 $6.67

4 $25 $6.25

5 $31 $6.2

6 $38 $6.33

7 $46 $6.57

8 $55 $8.13

9 $65 $7.22

a. Calculate the marginal cost and average variable cost for each level of production.

b. How much would the firm produce if it could sell its product for $5? For $7? For $10?

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