Multiple Choice
The table below shows output, marginal cost, and average variable cost for the production of pairs of shoes. All costs are in dollars.
-Refer to Table 7- 6. If the firm produces 130 pairs of shoes, and the fixed cost is $550, then the firm's total cost is
A) $8000.
B) $7000.
C) $12 000.
D) $9000.
E) $10 000.
Correct Answer:

Verified
Correct Answer:
Verified
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