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The table provides data about a firm's short-run costs. It shows the firm's total cost, TC, and marginal cost, MC, at five levels of output,
The table provides data about a firm's short-run costs. It shows the firm's total cost, TC, and marginal cost, MC, at five levels of output, including zero output. 2a. The table below provides data about a firm's short-run cost and the graph shows all the data points except three. 1. Draw a point to show total fixed cost when the firm produces 1 unit of output. Label it 1. 2. Draw a point to show total variable cost when the firm produces 3 units of output. Label it 2. 3. Draw a point to show total cost when the firm produces 2 Draw only the objects specified in the units of output. Label it 3
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