If average fixed costs equal $40 and average total costs equal $100 when output is 10, then

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If average fixed costs equal $40 and average total costs equal $100 when output is 10, then total variable costs when output is 10 must be:
a. $40
b. $60
c. $600
d. $6,000

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Managerial Economics Markets and the Firm

ISBN: 978-0618988624

2nd edition

Authors: William Boyes

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Question Posted: Sep 27, 2014 06:15 AM

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If average fixed costs equal $40 and average total costs equal $100 when output is 10, then

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Managerial Economics Markets and the Firm

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