Construct a table of its total and average fixed costs

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1. A firm's total fixed cost is $360,000. Construct a table of its total and average fixed costs for output levels varying from zero to 6 units. Draw the corresponding TFC and AFC curves.

2. With the following data, calculate the firm's AVC and MVC and draw the graphs for TVC, AVC, and MVC. Why is MVC the same as MC?

Reference no: EM131403247

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