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Initially economies - PowerPoint PPT Presentation

TVC

TC. TVC. Cost. TFC. Output. Introductory Economics Lecture 16. Cost Curves. TC. TVC. Cost. m. TFC. Output. Variable and Fixed Costs. Average cost curves. AC. Cost. AVC. AFC. Output. 0.67. 0.67. 1. 1.67. Average and marginal cost curves. Cost. MC. AC. 1.4. Q. O. 500.

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TVC

TC. TVC. Cost. TFC. Output. Cost Curves. TC. TVC. Cost. m. TFC. Output. Average cost curves. AC. Cost. AVC. AFC. Output. 0.67. 0.67. 1. 1.67. Average and marginal cost curves. Cost. MC. AC. 1.4. Q. O. 500. Average and marginal physical product curves. APP MPP.

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TVC

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