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    Exam 11: Output and Costs
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    A Firm's Average Total Cost Is $60, Its Average Variable
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A Firm's Average Total Cost Is $60, Its Average Variable

Question 248

Question 248

Multiple Choice

A firm's average total cost is $60, its average variable cost is $30, and its total fixed cost is $600. Its output is


A) 20 units.
B) 30 units.
C) 40 units.
D) 50 units.

Correct Answer:

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