Question: What are the fixed and variable costs of a firm? Give examples. Why AC curve is U shaped in short run? Find out the

What are the fixed and variable costs of a firm? Give examples.

What are the fixed and variable costs of a firm? Give examples. Why AC curve is U shaped in short run? Find out the TC, ATC and MC by the help of given data. Q 0 1 2 3 4 5 6 FC 55 55 55 55 55 55 55 VC 0 30 55 75 105 155 225 TC ATC MC

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