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Suppose a Firm Is Producing 10 000 Units of Output

Question 100

Multiple Choice

Suppose a firm is producing 10 000 units of output.At this level of output,average total cost is $200 and average fixed cost is $20.It can be concluded that total variable cost is


A) $180.
B) $1800.
C) $18 000.
D) $180 000.
E) $1 800 000.

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