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Exhibit 7-2 -Refer to Exhibit 7-2. What Would Be the Total Cost

Question 60

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Exhibit 7-2 Exhibit 7-2 -Refer to Exhibit 7-2. What would be the total cost of Firm A and Firm B producing 4 units of output each? Is it possible to reduce this total cost and still produce the same total output? How?
-Refer to Exhibit 7-2. What would be the total cost of Firm A and Firm B producing 4 units of output each? Is it possible to reduce this total cost and still produce the same total output? How?

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$62; yes; Firm A produces less.
Firm A's...

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