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The Wacky Widget Company Has Total Fixed Costs of $100,000

Question 339

Multiple Choice

The Wacky Widget company has total fixed costs of $100,000 per year. The firm's average variable cost is $5 for 10,000 widgets. At that level of output, the firm's average total costs equal


A) $10
B) $15
C) $100
D) $150

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