Solved

A Firm's Average Variable Cost Is $90, Its Total Fixed

Question 5

Multiple Choice

A firm's average variable cost is $90, its total fixed cost is $10,000, and its output is 1,000 units. Its total cost is

A) less than $85,000.
B) between $85,000 and $95,000.
C) between $95,000 and $105,000.
D) more than $105,000.

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