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    Principles of Microeconomics Study Set 4
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    Exam 8: Production and Cost
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    If a Firm Produces 10 Units of Output and Incurs
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If a Firm Produces 10 Units of Output and Incurs

Question 38

Question 38

Multiple Choice

If a firm produces 10 units of output and incurs $35 in average total cost and $5 in average fixed cost, total variable cost is:


A) $35.
B) $50.
C) $300.
D) $350.

Correct Answer:

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