The marginal cost function of a company is given by MC = 5 + x, and the cost of %3D producing 2 units is 712 OMR. Then the fixed cost of this company is Select one: а. 7 b. 12 С. d. 700 е. 712 14

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A: a. When labor is 12 and machine is 4 then TC = 100 × 12 labors + 20 ×4 machines=1200 + 80=$1280TC…

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