Multiple Choice
If it costs $30 to produce the first unit of a good and $28, $27, $25, $23,$24, and $25 to produce the next six units, respectively, then the minimum of the average cost curve could occur at:
A) 1 unit.
B) 2 units.
C) 3 units.
D) 5 units.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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