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Suppose That, When Producing 10 Units of Output, a Firm's

Question 273

Multiple Choice

Suppose that, when producing 10 units of output, a firm's AVC is $22, its AFC is $5, and its MC is $30. This firm's

A) ATC is $35.
B) ATC is $57.
C) total cost is $270.
D) total cost is $30.

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