Illustrate the Average cost function in short run and in the long run and complete the following

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Illustrate the Average cost function in short run and in the long run and complete the following table. ( micro economics)

Posted Date: Dec 22, 2021 07:50 AM

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Illustrate the Average cost function in short run and in the long run and complete the following

Question:

Output AFC TC MC 2 82 10 3 20 8. 4 99 12 10 Output AFC TC MC 2 82 10 3 20 8. 4 99 12 10

Expert Answer:

Output AFC TC MC 1 60 72 2 30 82 10 3 20 90 8 4 15 99 9 5 12 109 10 Now first we will fill the avera... View the full answer

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