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A Competitive Firm Estimates Its Average Variable Cost Function to Be

Question 42

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A competitive firm estimates its average variable cost function to be . A competitive firm estimates its average variable cost function to be .   The firm's total fixed cost is $3,500. -The marginal cost function associated with this average variable cost function is SMC =__________________________. The firm's total fixed cost is $3,500.
-The marginal cost function associated with this average variable cost function is
SMC =__________________________.

Correct Answer:

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SMC = 125 ...

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