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  3. Study Set
    Managerial Economics
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    Exam 8: Production and Cost in the Short Run
  5. Question
    To Answer,refer to the Following: "Ford Built 18 Vehicles Per
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To Answer,refer to the Following: "Ford Built 18 Vehicles Per

Question 1

Question 1

Multiple Choice

To answer,refer to the following: "Ford built 18 vehicles per auto employee in North America last year,while GM could only manage 12."
In comparison with GM,Ford had


A) higher average variable cost.
B) lower average variable cost.
C) higher total variable cost.
D) both a and c
E) none of the above

Correct Answer:

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