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Wilbur's Widgets, a Widget Company, Produces 100 Widgets

Question 206

Multiple Choice

Wilbur's Widgets, a widget company, produces 100 widgets. Its average fixed cost is $5 and its total variable cost is $300. What is the total cost of producing 100 widgets?


A) $300
B) $305
C) $500
D) $800

Correct Answer:

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