A firm produces 400 units of output at a total cost of $1,200.If fixed costs are $200,
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Question:
A firm produces 400 units of output at a total cost of $1,200.If fixed costs are $200,
a. average fixed cost is $2. |
b. average variable cost is $2.50. |
c. average total cost is $4. |
d. average total cost is $5. |
Related Book For
Basic Finance An Introduction to Financial Institutions Investments and Management
ISBN: 978-1111820633
10th edition
Authors: Herbert B. Mayo
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