Identifying the level of output

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Reference no: EM1372168

Given the output and Total Cost information in the Table below, Complete the following columns: Variable cost , Fixed Costs, marginal Cost, Average Total Cost columns. Then on a graph, plot the marginal and average costs data. (Plot them on the same graph, not on two separate graphs). Then from the graph identify the level of output at which Marginal Cost equals Average Cost

Output Total cost
0 50
1 60
2 75
3 100
4 150
5 225
6 400

Reference no: EM1372168

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