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Question 1

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

Quantity of PineapplesFixed CostsVariable Costs
18013
28028
38045
48064
58085
680108
780133
880160

Given this data, what are total costs when quantity is 8?

 

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Question 2

Given this data, what are average total costs when quantity is 8?

 

 

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Question 3

Given this data, what are average fixed costs when quantity is 8?

 

 

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Question 4

Given this data, what are average variable costs when quantity is 8?

 

 

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Question 5

Given this data, what are marginal costs when quantity increases from 3 by one unit?

 

 

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