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    Exam 11: Technology, Production, and Costs
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    Table 11-7 Table 11-7 Shows Cost Data for Lotus Lanterns, a Producer
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Table 11-7 Table 11-7 Shows Cost Data for Lotus Lanterns, a Producer

Question 244

Question 244

Multiple Choice

Table 11-7
Table 11-7     Table 11-7 shows cost data for Lotus Lanterns, a producer of whimsical night lights. -Refer to Table 11-7.What is the average variable cost per unit of production when the firm produces 90 lanterns? A) $490 B) $33.67 C) $7.67 D) $5.44
Table 11-7 shows cost data for Lotus Lanterns, a producer of whimsical night lights.
-Refer to Table 11-7.What is the average variable cost per unit of production when the firm produces 90 lanterns?


A) $490
B) $33.67
C) $7.67
D) $5.44

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