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Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal.
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table. Round your answers to two digits after the decimal. Marginal Fixed Variable Total Quantity Average fixed Average Average total cost cost cost cost cost variable cost cost 0 1 $40.00 2 $74.00 3 $105.00 4 $50.00 $412.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost: S14 of 21 What is the marginal cost for the first unit? @ Macmillan Learning marginal cost: $ What is the average total cost when producing three units? average total cost: $ What is the average variable cost when producing four units? average variable cost: $
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