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A firm's fixed costs for producing 0 units of output and its average total cost of producing different output levels are summarized in the tale below.
Complete the table to find the fixed cost, variable cost, total cost, average fixed cost, average variable cost, and marginal cost at all levels of output.
Q
FC
VC
TC
AFC
AVC
ATC
MC
0
$10,000
-----
100
$300
200
300
175
400
225
500
325
600
Steve has agreed to pay Harry $1,100 at the end of the year. If Harry loans Steve $1,000 at the beginning of the year. If inflation is 15% for the year, what is the real interest rate that Steve will pay for this loan?
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