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Three part question, use table to answer. Please show work.
1. At 4 units of output what are total fixed cost?
2. What is the marginal cost of the fourth unit of output?
3. At 4 units of output what are total variable costs?
Output (units per day)
Total cost (dollars per day)
0
16
1
30
2
42
3
58
4
78
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