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Complete the following table using the information provided

Economics

Complete the following table using the information provided. Total Fixed cost Average Variable cost Average Total cost Product (RM) fixed cost (RM) variable cost (RM) (Units) (RM) (RM) Marginal cost (RM) 0 1 72 2 72 60 3 72 4 84 b) Is the firm operating in the short run or long run? Support your answer.

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