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Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the...

Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the company’s total cost of production at various production quantities.

Fill in the remaining cells of the following table.

Quantity

Total Cost

Marginal Cost

Fixed Cost

Variable Cost

Average Variable Cost

Average Total Cost

(Pairs)

(Dollars)

(Dollars)

(Dollars)

(Dollars)

(Dollars per pair)

(Dollars per pair)

0 120
1 200
2 240
3 285
4 340
5 425
6 540
0 0
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Answer #1

Total cost (TES s - fx Cost (F) t Variable Cost + (WC) MC = charge in T (T) charge in quanhty (a Average Variable Cost (Avo)

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