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The table below describes the cost functions for a food manufacturer. Total Fixed Variable Total Avg. Avg. Avg. Total Fixed Variable Marginal output Cost Cost

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The table below describes the cost functions for a food manufacturer. Total Fixed Variable Total Avg. Avg. Avg. Total Fixed Variable Marginal output Cost Cost Cost Cost Cost Cost Cost O 50 40 75 UAWNA 155 55 50 a. Fill in the blanks in the table. b. Identify the level of output at which this firm reaches its efficient scale and explain how you reach that conclusion

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