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    Microeconomics Study Set 44
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    Exam 11: Behind the Supply Curve: Inputs and Costs
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    Use the Following to Answer Questions
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Use the Following to Answer Questions

Question 103

Question 103

Multiple Choice

Use the following to answer questions: Use the following to answer questions:   -(Table: Cost Data)  Look at the table Cost Data. The average fixed cost of producing 4 purses is: A)  $12.50. B)  $47.50. C)  $50.00. D)  $82.50.
-(Table: Cost Data) Look at the table Cost Data. The average fixed cost of producing 4 purses is:


A) $12.50.
B) $47.50.
C) $50.00.
D) $82.50.

Correct Answer:

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