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Formulas for calculating a firm's costs

Output Short Run Average Variable Costs
5 340
10 300
15 280
20 300
25 380
30 580

If the firm has fixed costs of $900, calculate the short run average fixed costs, average total costs, total cost, and marginal cost.!

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Solution Summary

This solution shows how to use Excel to calculate all of a firm's costs from minimal information. All the formulas used are given.

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