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Calculate the AVC and MC at each level of output from the following cost schedule of a firm. Output (Units) 0 1 2 3 4 Total cost (₹) 60 75 96 123 152 - Economics | Shaalaa.com
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Give the formulas for average fixed cost (AFC), marginal cost (MC), average variable cost (AVC), and average cost (AC), if the cost function is:C = 9 92Marginal cost is:MCThe formula for average fixed cost is:AFC = C / QThe formula for average variable cost is:AVC = (C - AFC) / QThe formula for average cost is:AC = AFC AVC
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