Multiple Choice
You run a business producing picture frames.This month your total cost of production is $10,000, your variable cost of production is $6,000, and you produce 3,000 picture frames.It follows that:
A) average variable cost is $2.
B) average total cost is $3.
C) average total cost is $1.
D) average fixed cost is $1.
Correct Answer:
Verified
Correct Answer:
Verified
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