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What would be the average fixed cost of producing 5 units? Show working out. 1. The table shows a firm's total and marginal costs. output

What would be the average fixed cost of producing 5 units?

Show working out.

1. The table shows a firm's total and marginal costs. output 1 2 3 4 5 Total cost (S) 70 100 120 150 190 Marginal cost (S) 40 30 20 30 40 What would be the average fixed cost of producing 5 units?

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