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The fixed costs of a firm are `₹ 60` . Its marginal cost at different levels of output is given below. Calculate ATC and AVC.
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Formulae used :
(i) `TC = sumMC + TFC` , (ii) `TVC = TC - TFC`
(iii) `ATC = TC ÷ "Output"` , (iv) `AVC = TVC ÷ "Output"`

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