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Question: Econ 2020 Homework #5 Due: Thursday, December 3rd, by 1:00 p.m. Please answer the following questions using the chart given below. 1. This company faces fixed costs of? Q 0 1 2 3 4 5 TC $60 $80 $90 $120 $160 $210 2. What is TVC (total variable cost) of producing the 5th unit? 3. The MC (marginal cost) of producing the 2nd unit is? 4. If this firm sells its
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Identify the fixed cost by observing that total cost ( ) at a quantity ( ) of 0 units equals this value.
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