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Question 1

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

Quantity of TextbooksFixed CostsVariable Costs
150104
250224
350360
450512
550680
650864
7501064
8501280

Given this data, what are total costs when quantity is 6?

 

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Question 2

Given this data, what are average total costs when quantity is 6?

 

 

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Question 3

Given this data, what are average fixed costs when quantity is 6?

 

 

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Question 4

Given this data, what are average variable costs when quantity is 6?

 

 

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Question 5

Given this data, what are marginal costs when quantity increases from 2 by one unit?

 

 

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