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Costs and Output

Costs and Output

Susan owns a small shop and produces dining room sets. Table 1 presents data on her costs and various levels of output.
a. Fill in the table.
b. At what output level is Susan's Average Total Cost at a minimum?
c. At what output level do diminishing returns begin?

(see chart in attached file)

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Solution Summary

Costs and Output are determined.

$2.19