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Suppose That a Firm Is Currently Producing 1,000 Units of Output

Question 383

Multiple Choice

Suppose that a firm is currently producing 1,000 units of output. At this level of output, AVC is $1 per unit, and TFC is $500. What is the firm's TC?


A) $1,500
B) $1,000
C) $501
D) $499

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