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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Unit 8—Production, Cost and Competition (Part 1)
The table shows the quantity produced and the total, average, variable, cost, and marginal costs for a
firm. Complete the table.
Quantity Total Cost Variable
Cost Fixed Cost Average
Total Cost 0
10
20
30
40
50
60
70
80
90
100 50
100 0
50
90 50 N/A
10 Average
Variable
Cost
N/A Average
Fixed
Cost
N/A
5
2.50 Marginal
Cost 1 2.5 N/A
5 180
5
250
50
430
585
700 8.5
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