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In the shortrun function of a company with a constant variable cost is given by the equation q=225+55q,where TC is the total cost and q is the total quantity of output,both measured in thousands.1.what is a company's fixed cost?2.if the company produced 100,000 units of goods,what would be its average variable cost? 3.what would be its marginal cost of production? 4.what would be its average fixed cost?
10 years ago

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