Multiple Choice
The average total cost of producing electronic calculators in a factory is $20 at the current output level of 100 units per week. If fixed cost is $1,000 per week:
A) average fixed cost is $20.
B) total cost is $3,000.
C) variable cost is $2,000.
D) average variable cost is $10.
Correct Answer:
Verified
Correct Answer:
Verified
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