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    Managerial Economics Study Set 1
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    Exam 8: Production and Cost in the Short Run
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    Refer to the Following
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Refer to the Following

Question 69

Question 69

Multiple Choice

Refer to the following:
Refer to the following:    -In the above figure, what is the AVERAGE total cost of producing 10 units of output? A)  $4 B)  $8 C)  $12 D)  $50 E)  $360
-In the above figure, what is the AVERAGE total cost of producing 10 units of output?


A) $4
B) $8
C) $12
D) $50
E) $360

Correct Answer:

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