cost2 - 4 The MC of the output level 14 is equal to $ 5 The...

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Additional Problem 2: Production Costs The figure below shows the three total cost curves. Complete the sentences given below. 1. The ATC of producing 10 units of X is equal too $__________. 2. The ATC of __________ units of X is the same as the ATC of 10 units of X. 3. The TC of producing 21 units of X is equal to $__________.
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Unformatted text preview: 4. The MC of the output level 14 is equal to $__________. 5. The AVC of producing 10 units of X is equal to $__________. 6. The AFC of producing 21 units of X is $__________. 7. AVC = AFC at the output level __________....
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This note was uploaded on 10/26/2009 for the course ECON 180-004-20 taught by Professor Bresnock during the Fall '09 term at UCLA.

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