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Calculate the average variable cost

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Reference no: EM131088665

You are given costs for a firm in the following table.

Quantity

Total Cost

Variable Cost

Fixed Cost

Marginal Cost

10

32.4

?

$10

?

11

?

48

?

?

12

?

?

?

25.7

From the information given, calculate the Average Variable Cost when the firm produces 12 units. Round your answer to one decimal.

Reference no: EM131088665

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