Produce commemorative t-shirts for campus

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Reference no: EM138861

Q. A business employing 8 workers to produce commemorative t-shirts for campus events organizations. They are currently producing 2000 shirts per month with average total cost of $8.00, average fixed cost of $2.00, and marginal cost of $10.00.
Calculate the following:

a) average variable cost

b) total fixed cost

Q2. Does Keynes use the term 'classical economists' in the normal sense? Explain.

Reference no: EM138861

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