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Refer to the Following

Question 41

Multiple Choice

Refer to the following:
Refer to the following: The wage rate is $600 and total fixed cost is $15,000. -How much output does the firm produce when average variable cost is at its minimum? A) 270 B) 375 C) 30 D) 1,600 E) 4,800
The wage rate is $600 and total fixed cost is $15,000.
-How much output does the firm produce when average variable cost is at its minimum?


A) 270
B) 375
C) 30
D) 1,600
E) 4,800

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