
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
7

Transcribed Image Text:Use the following to answer questions 8-9:
Refer to the short-run graph below. Total fixed cost for this firm is:
Total Cost and Total Revenue graphs
$1,400
1,200
1,000
800
600
400
200
about $67
$300
$200
0
O $100
100
Total
cost
AAS
320
Output
440
Total
revenue
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