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If the Total Cost of Producing 6 Units Is $48

Question 2

Multiple Choice

If the total cost of producing 6 units is $48 and the marginal cost of the seventh unit is $15, then:


A) the average total cost of 7 units is $9.
B) the average variable cost of 7 units is $9.
C) fixed costs are $8.
D) fixed costs are $33.
E) none of the above are true.

Correct Answer:

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