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Question 1

The table below shows data for Avocados for an individual firm.

Quantity of AvocadosFixed CostsVariable Costs
12065
220140
320225
420320
520425
620540
720665
820800

Given this data, what are total costs when quantity is 4?

 

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Question 2

Given this data, what are average total costs when quantity is 4?

 

 

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Question 3

Given this data, what are average fixed costs when quantity is 4?

 

 

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Question 4

Given this data, what are average variable costs when quantity is 4?

 

 

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Question 5

Given this data, what are marginal costs when quantity increases from 5 by one unit?

 

 

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