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52. The Jones Company has the following cost schedule:

Output Total Cost
(Units) ($)

0 3000
50 3750
100 4275
150 4675
200 5000
250 5300
300 5700
350 6250
400 7050
450 8225

Prepare (a) average total cost and (b) marginal cost schedules for the firm.

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The expert prepares an average total cost and marginal cost schedules for the firm.

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  • BE, Bangalore University, India
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