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Question 17 1 pts Ma Baenschs pickled herring factory has variable costs of $500 for 500 jars and variable costs of $505 forQuestion 19 1 pts Marginal cost eventually increases because O All of the above answers are correct. O the marginal product oQuestion 20 1 pts At an output of Q = 20, the average total cost(ATC) of a firm is $100, and its average fixed cost (AFC) is

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Answer #1

17) MC = 505-500 = 5

option(D)

18) falling, falling

opion(B)

19) All of the given options are correct

option(A)

20) ATC=100

AFC=40

AVC = 100-40 = 60

TVC=60*20 = 1200

Option(D)

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