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The table below gives data about total costs of production at different level of output. OutputTotal cost Unit per day$ 01500 11700 21850 31950 What
The table below gives data about total costs of production at different level of output.
OutputTotal cost
Unit per day$
01500
11700
21850
31950
What is the average variable cost (AVC) and the marginal cost (MC) of production at an output level of 3 units?
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