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Business, 15.12.2021 02:20 lakesha04begaye

A new computer firm analysed its cost function for the past 12months. The firm pays $1000 every month for rent and an annual fee of $1500 for insurance. Although the cost of raw materials changed constantly, the firm was surprised at the total amount of $300 to be paid to suppliers given its output for the year. Finally, for each additional worker that the firm employed, it is incurred the following costs of $2, $2.25, $2.50, $2.75 and then $3 to produce each additional unit of output. What is the fixed cost, variable cost, total cost and marginal cost?

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A new computer firm analysed its cost function for the past 12months. The firm pays $1000 every mont...
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