The data below is for the Duffy's Duck Company.
a)What is the MC of the 6th unit produced?
b)Diminishing returns begin with the production of which unit of output?
c)What is the AVC of the 3rd unit produced?
d)What is the ATC of the 8th unit produced?
e)What is the AFC of the 5th unit produced?
Correct Answer:
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b)4th ...
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