Question Calculate MC, AVC, and total fixed costs for the data below: Output           Total Cost 0                       20 1                       25 2                       30 3                      35 4                      40 5                      45 6                      50 7                      55 8                      60 Sketch the MC and the AVCcurves.  Given that each output is sold at $8.5, calculate Average Revenue, Marginal Revenue, and profit

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