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Your company paid a corporate spy to find out the short-run cost of a competitor. The spy obtained the information below on your competitor's quantities,
Your company paid a corporate spy to find out the short-run cost of a competitor. The spy obtained the information below on your competitor's quantities, total variable cost, and total cost. An X appears in place of numbers the spy failed to get. Your boss asks you to calculate some of the information the spy was not able to obtain. Fill in the blanks below with the missing information.
Output quantity | Total variable cost | Total cost |
0 | $0 | $250 |
25 | 450 | |
50 | 300 | X |
75 | 375 | |
100 | 600 | 850 |
125 | X | 1125 |
150 | 1200 | X |
175 | 1875 | |
200 | 2000 | 2250 |
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