ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The average variable cost for 2 units of output is
O 12.5
O 7.5
O 95
0 5
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Transcribed Image Text:The average variable cost for 2 units of output is O 12.5 O 7.5 O 95 0 5
Consider following table
Output
Total Cost ATC
AFC
AVC
MC
80
1
90
2
95
110
140
3.
4.
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Transcribed Image Text:Consider following table Output Total Cost ATC AFC AVC MC 80 1 90 2 95 110 140 3. 4.
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