Answer to Question #205560 in Economics of Enterprise for Nawodya Ranasinghe

Economics of Enterprise

Question #205560

1. Fill the table below and draw MC, ATC, AVC and AFC curves. (4*2= 8marks)

Output Fixed Cost Total cost ATC AVC AF MC

0 12 24

1 12 33

2 12 41

3 12 48

4 12 54

5 12 61

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