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Economics and the 2008 crisis: a Keynesian view
Economics and the 2008 crisis: a Keynesian view

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Short run average cost (SRAC) curves (1)

Activity 21

Table 4 shows how the total cost of a firm changes with output in the short run. Calculate the average cost at each level of output (round your answers to the nearest whole £).

Table 4 Calculating short run average cost

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