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The Accompanying Table Gives Cost Data for a Firm That

Question 36

Multiple Choice

The accompanying table gives cost data for a firm that is selling in a purely competitive market. At 3 units of output, total variable cost is ____ and total cost is ____. A) $20; $70 B) $60; $210 C) $20; $210 D) $60; $350 The accompanying table gives cost data for a firm that is selling in a purely competitive market. At 3 units of output, total variable cost is ____ and total cost is ____.


A) $20; $70
B) $60; $210
C) $20; $210
D) $60; $350

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