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If AFC Is $8 at a Quantity of Output of 1,000

Question 6

Multiple Choice

If AFC is $8 at a quantity of output of 1,000 units, and ATC is $12 at the same level of output, it follows that

A) marginal cost is $10.
B) AVC is $4,000.
C) total cost is $4,000.
D) marginal cost is $1,000.
E) AVC is $4.

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