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conrad136 conrad136
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A year ago
Relationship between Short and Long Run Average Costs

The table shows information about Umbrella Corporation's short-run costs.

Quantity of
Prescription Drugs		Total Fixed CostTotal Variable CostTotal Cost
0$4000​​​
1​$7​​
2​$14​​
3​$21​​
4​​$4028​
What is the average fixed cost of producing 4 prescription drugs? What is the average variable cost?
What is the average total cost of producing 2 prescription drugs? What is the marginal cost?

▸ $2000, $7, $2007, $2000

▸ $2000, $21, $2007, $2000

▸ $1000, $7, $2007, $2000

▸ $1000, $7, $2007, $7
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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miemitchmiemitch
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A year ago
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conrad136 Author
wrote...

A year ago
Brilliant ツ
mmmm_dat_userna
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Yesterday
this is exactly what I needed
loki1345
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2 hours ago
Good timing, thanks!
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