Refer to the information provided in Table 8.2 below to answer the question(s) that follow. Show your computation. Table 8.2 Number of Earrings TVC MC AVC TFC TC AFC ATC 100 1 50 2 95 3 46.67 4 300 5 270 1) If Sherry produces zero earrings, her total fixed costs are

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Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Show your computation.
Table 8.2
Number of
Earrings TVC MC AVC TFC TC AFC ATC
100
1
50
2
95
3
46.67
4
300
270
1) If Sherry produces zero earrings, her total fixed costs are
2) If Sherry produces one pair of earrings, her total variable costs are
3) If Sherry produces two pairs of earrings, her marginal cost is
Transcribed Image Text:Refer to the information provided in Table 8.2 below to answer the question(s) that follow. Show your computation. Table 8.2 Number of Earrings TVC MC AVC TFC TC AFC ATC 100 1 50 2 95 3 46.67 4 300 270 1) If Sherry produces zero earrings, her total fixed costs are 2) If Sherry produces one pair of earrings, her total variable costs are 3) If Sherry produces two pairs of earrings, her marginal cost is
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