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    Formulas for calculating a firm's costs

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    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.