Draw the demand curve and show the values of the price

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Draw the demand curve and show the values of the price and quantity intercepts using the linear equation for Qx=28,000,000-Px divided by 1000.

Smith Co. has average fixed costs of $172.50 when it is making two units. It has marginal costs of $15 for the first unit, $15 for the second unit and $10 for the third unit. What is its average total cost for three units?

(a)$40
(b)$195
(c)$212.50
(d)$130

Reference no: EM1357870

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