Reference
TC = TVC + TFC (sum of variable costs and fixed costs)
ATC = TC/Q (firm’s total cost per unit of output)
AVC = TVC/Q (firm’s variable cost per unit of output)
MC = DTC/DQ (amount by which total cost rises with an additional unit of output)
I need to fill in the blank spaces on the table but don't know how to do the calculations.
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