a. Complete tableb. Calculate the total fixed cost for the firm c. Is the firm operating in the short run or long run? Give a reason for your answer Al Hidayah.Output Total Cost AverageTotalMarginalCost (RM) Variable Cost (RM) Flixed CostAverageAverage(unit)(RMVariableCost (RM)(RM)Cost (RM)33248.3.16309.69456

Answered: Complete table b. Calculate the total…

Complete table b. Calculate the total fixed cost for the firm c. Is the firm operating in the short run or long run? Give a reason for your answer

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Question

a. Complete table

b. Calculate the total fixed cost for the firm

c. Is the firm operating in the short run or long run? Give a reason for your answer

Al Hidayah.
Output Total Cost Average
Total
Marginal
Cost (RM) Variable Cost (RM) Flixed Cost
Average
Average
(unit)
(RM
Variable
Cost (RM)
(RM)
Cost (RM)
33
24
8.
3.
16
30
9.
69
456

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