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The following table shows total costs for Jenny's florist. Output Total costs (TC) Total variable (RM) costs (TVC) (RM) 0 28895 10 20 30 40 50 40 60 90 130 180 240 Average fixed costs (AFC) (RM) Based on the information above, answer the following questions: (i) Fill in the missing values; (ii) What is the total fixed cost (TFC)? Average variable costs (AVC) (RM)

The following table shows total costs for Jenny's florist. Output Total costs (TC) Total variable (RM) costs (TVC) (RM) 0 28895 10 20 30 40 50 40 60 90 130 180 240 Average fixed costs (AFC) (RM) Based on the information above, answer the following questions: (i) Fill in the missing values; (ii) What is the total fixed cost (TFC)? Average variable costs (AVC) (RM)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following table shows total costs for Jenny's florist. Output Total costs (TC) Total variable (RM) costs (TVC) (RM) 0 28895 10 20 30 40 50 40 60 90 130 180 240 Average fixed costs (AFC) (RM) Based on the information above, answer the following questions: (i) Fill in the missing values; (ii) What is the total fixed cost (TFC)? Average variable costs (AVC) (RM)
Transcribed Image Text:The following table shows total costs for Jenny's florist. Output Total costs (TC) Total variable (RM) costs (TVC) (RM) 0 28895 10 20 30 40 50 40 60 90 130 180 240 Average fixed costs (AFC) (RM) Based on the information above, answer the following questions: (i) Fill in the missing values; (ii) What is the total fixed cost (TFC)? Average variable costs (AVC) (RM)
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