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# Given the total cost function for a firm is Q = output and TC = total cost Q TC 0 20 1 40 2 60 3 80 4 100 5 120 6 140 The average variable cost of...

5: Given the total cost function for a firm is

Q = output and TC = total cost

Q TC

0 20

1 40

2 60

3 80

4 100

5 120

6 140

The average variable cost of producing four units of output is \$16.8

True

False

6: Given the total cost function for a firm is

(Q = output and TC = total cost)

Q TC

0  0

1  20

2  39

3  56

4  71

5  84

6  95

the average variable cost of producing five units of output is \$16.8

True

False

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