At its current short-run level of production, a firm's average variable costs equal $20 per unit, and

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At its current short-run level of production, a firm's average variable costs equal $20 per unit, and its average fixed costs equal $30 per unit. Its total costs at this production level equal $2,500.
a. What is the firm's current output level?
b. What are its total variable costs at this output level?
c. What are its total fixed costs?
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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