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In the Short Run,a Firm 'S Output Level Is 10

Question 100

Multiple Choice

In the short run,a firm 's output level is 10 units.Its total cost is $4000 and its average fixed cost is $100.What is this firm's average variable cost (AVC) of producing 10 units?


A) AVC = $250
B) AVC = $275
C) AVC = $300
D) AVC = $400

Correct Answer:

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