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    Principles of Economics Study Set 8
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    Exam 13: The Costs of Production
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    Omar's Car Wash Has Average Variable Costs of $4 and Average
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Omar's Car Wash Has Average Variable Costs of $4 and Average

Question 217

Question 217

Multiple Choice

Omar's Car Wash has average variable costs of $4 and average fixed costs of $5 when it produces 200 units of output (car washes) . The firm's total cost is


A) $800.
B) $1,000.
C) $200.
D) $1,800.

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