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  3. Study Set
    Microeconomics Study Set 46
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    Exam 7: Costs
  5. Question
    (Figure: Total Cost and Quantity of Output VI) Answer the Following
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(Figure: Total Cost and Quantity of Output VI) Answer the Following

Question 50

Question 50

Multiple Choice

(Figure: Total Cost and Quantity of Output VI) Answer the following question. (Figure: Total Cost and Quantity of Output VI)  Answer the following question.     At an output level of 1, the average total cost is $____. A)  5 B)  3.3 C)  2 D)  1 (Figure: Total Cost and Quantity of Output VI)  Answer the following question.     At an output level of 1, the average total cost is $____. A)  5 B)  3.3 C)  2 D)  1
At an output level of 1, the average total cost is $____.


A) 5
B) 3.3
C) 2
D) 1

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