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The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the...

The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question(s).



Refer to the above information. The average fixed cost of 3 units of output is: 1) $13.33.
2) $12.50.
3) $40.
4) $18.50.

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