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4. Various measures of cost Douglas Fur is a small manufacturer of fake fur boots in Houston. The following table shows the c
Homework (Ch 13) un the following grapn, pior Douglas rurs average corar Cost (AIC) curve using me green points changie symoo
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Answer #1

Table is correctly filled.

Total fixed cost is the total cost of firm at zero level of output.

Total variable cost = Total Cost - Total fixed cost

Average variable cost = Total variable cost / Quantity

Average total cost = Total cost / Quantity

COSTS (Dollars per pair QUANTITY Pairs of boots)

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