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Utilize the information above to answer the following questions: 1) What is the average variable cost for this firm at that specific quantity? 2) What
Utilize the information above to answer the following questions: 1) What is the average variable cost for this firm at that specific quantity? 2) What is marginal cost for the firm operating at that specific quantity? 3) Given the information above, should the firm either decrease production, increase production, or shut down in the short run? 4) Solve for Quantity, TC, and TVC. Submit your calculations into the textbox as an image
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