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Question - Consider the following information about producing a product:
TVC when LAV is 200 units = $10000
TFC when LAV is 100 units = $2000
Required - Calculate the unit cost and the total cost for each of the following LAVs:
1. When LAV is 200 units = $ _____
2. When LAV is 100 units = $ _____
3. When LAV is 500 units = $ _____
4. When LAV is 50 units = $ _____
5. When LAV is zero units = $ _____
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