A firm produces 500 units of output at a total cost of 150.pdf

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A firm produces 500 units of output at a total cost of $1,500. If total variable costs are $500, then we are unable to determine marginal cost from the information given. average variable cost is $3. average total cost is $2. average fixed cost is $1..

A firm produces 500 units of output at a total cost of $1,500. If total variable costs are $500, then
we are unable to determine marginal cost from the information given. average variable cost is $3.
average total cost is $2. average fixed cost is $1.

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