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    Principles of Microeconomics
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    Exam 8: Short-Run Costs and Output Decisions
  5. Question
    If the Average Variable Cost of the Fifth Hat Is
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If the Average Variable Cost of the Fifth Hat Is

Question 21

Question 21

Multiple Choice

If the average variable cost of the fifth hat is $50, then the total variable cost of five hats is


A) $10.
B) $250.
C) $1,800.
D) indeterminate from this information.

Correct Answer:

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