Calculate the Total Variable Cost, Average Fixed Cost, Average Variable Cost, Average total Cost and Marginal Cost in the table given below (ALL Cost are given in USD). [2 Marks]

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A:

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Q: insurance creates wealth

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A: It can be defined as a point of price where the different price or different option available in the…

Q: What does it mean to be Risk Averse?

A: The risk refers to outcomes that are uncertain.  The outcome of the decision is not certain and…

Q: What are differences between digital cash and cryptocurrency?

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A: Renewalable term insurance can offer monetary insurances long before a significant individual…

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A: Money demand refers to the desired holding of financial assets in the form of cash and deposits…

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.