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From the data diven below, calculate the...

From the data diven below, calculate the (i) average fixed cost, (ii) average variable cost and (iii) marginal cost.

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Knowledge Check

  • Average fixed costs:

    A
    Remain same at all levels of output
    B
    Increase as output increases
    C
    Decreases as output increases
    D
    Initially increases and then decreases

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