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If a Firm's Output Equals 10, Product Price Equals $5

Question 61

Multiple Choice

If a firm's output equals 10, product price equals $5.00, TFC = $8.00, and TVC = $60.00,then AFC would equal

A) $.80
B) $1.00
C) $80.00
D) $2.00
E) $8.00

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