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Homework answers / question archive / Every fourth of July, A Stitch in Time prints T-shirts for visitors to the small town of Liberty
Every fourth of July, A Stitch in Time prints T-shirts for visitors to the small town of Liberty. This production process involves both fixed and variable costs. The fixed cost of printing these shirts is $10. The following table describes some of these costs. PLEASE SHOW WORK
| Output | Total Variable Cost | Total Cost | Average Variable Cost | Average Total Cost | Marginal Cost |
| 0 | 0 | 10.00 | |||
| 1 | 8.00 | ||||
| 2 | 12.00 | ||||
| 3 | 28.00 | ||||
| 4 | 4.00 | ||||
| 5 | 0 | 6.40 | |||
| 6 | 10.00 | ||||
| 7 | 54.00 |
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