Question: You are given the following cost data . Total fixed costs are IN THE 10 20 $4) 65 35 I the price of output is

You are given the following cost data . Total fixed costs are IN THE 10 20 $4) 65 35 I the price of output is $15 , how marry units of output will this firm produce ? What is total What avenue ? What is tot What is total cost ? Briefly explain using the concept of marginal cost What do you hink the firm is likely to do in the short run ? In the long run

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