Solved

A Firm Produces 2,000 High-Quality Bicycles Per Year

Question 98

Multiple Choice

A firm produces 2,000 high-quality bicycles per year.At this output, AVC $300 and the firm's fixed costs are $200,000.The firm's total costs are

A) $400.
B) $600,000.
C) $800,000.
D) $500,000.

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