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

Question 14

Multiple Choice

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


A) $.80
B) $1.00
C) $6.00
D) $60.00
E) $8.00

Correct Answer:

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