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The table below shows the information on output and cost for a firm [NO 7] Output (unit) Fixed cost (RM) Variable cost (RM) Total cost

The table below shows the information on output and cost for a firm [NO 7]

Output (unit)

Fixed cost (RM)

Variable cost (RM)

Total cost (RM)

Marginal cost (RM)

Average variable cost (RM)

Average total cost (RM)

0

600

1)

600

10

600

2)

1050

12)

22)

32)

20

600

3)

1450

13)

23)

33)

30

600

4)

1800

14)

24)

34)

40

600

5)

2100

15)

25)

35)

50

600

6)

2450

16)

26)

36)

60

600

7)

2850

17)

27)

37)

70

600

8)

3300

18)

28)

38)

80

600

9)

3850

19)

29)

39)

90

600

10

4500

20)

30)

40)

100

600

11)

5250

21)

31)

41)

Provide your answer up to two decimal places.

(20 marks)

Complete the table above by calculating the variable cost, marginal cost, average variable cost and average total cost.

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