Problem 9: Given below is the cost schedule of a firm. Its average fixed cost is 20 when it produces 3 units. Calcukate its MC and AC at each given level of output: Output (Units) 1 3 AVC (7) 30 28 32

Economics For Today
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Chapter7: Proudction Costs
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Problem 9: Given below is the cost schedule of a firm. Its average fixed cost is `20 when it produces 3 units.
Calculate its MC and AC at each given level of output:
1
Оutput (Units)
3
AVC (7)
30
28
32
Transcribed Image Text:Problem 9: Given below is the cost schedule of a firm. Its average fixed cost is `20 when it produces 3 units. Calculate its MC and AC at each given level of output: 1 Оutput (Units) 3 AVC (7) 30 28 32
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