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A Firm Is Currently Producing 10 Units of Output; Marginal

Question 105

Multiple Choice

A firm is currently producing 10 units of output; marginal cost is $24 and average total cost is $6 at this level of output. The average total cost at 9 units of output is:


A) $4
B) $5
C) $6
D) $8
E) none of the above

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