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When Ajax Co. produced 3 units of output per week, its total fixed cost was $100 and total variable cost was $45. When output increased to 4 units per week, total fixed cost remained at $100 and total variable cost increased to $70.a. When output was 4 units per week, total cost was $___.
b. When output was 4 units per week, average variable cost was $___.
c. When output was 4 units per week, average fixed cost was $___.
d. When output was 4 units per week, average total cost was $___.
e. The marginal cost of producing the fourth unit was $___.
Answers: 1
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When Ajax Co. produced 3 units of output per week, its total fixed cost was $100 and total variable...
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