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Homework answers / question archive / Complete the following table using the information provided
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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