A firm has a fixed cost of $1,000. At one unit of output variable cost is $1,200. Find (a) total cost at zero units of output and (b) marginal cost at one unit of output.
2. A firm has a fixed cost of $2,500. At one unit of output variable cost is $3,400. Find (a) total cost at zero units of output and (b) marginal cost at one unit of output.
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