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The Sunshine Corporation finds its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the

The Sunshine Corporation finds its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table.image text in transcribedimage text in transcribed

Output TVC $30 50 65 85 110 Refer to the above information. The average total cost of 3 units of output is

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