Multiple Choice
A firm produces 5000 waterproof cellphone cases,which they sell for $30 each.They have $35,000 in fixed costs and $85,000 in total costs every year.What is the average variable cost?
A) $7
B) $10
C) $17
D) $24
E) $27
Correct Answer:
Verified
Correct Answer:
Verified
Q25: The long-run average cost curve is tangent
Q136: The short run is a period of
Q188: Exhibit 7.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 7.2
Q189: All other things constant,higher implicit costs result
Q190: Table 7.3<br> <span class="ql-formula" data-value="\begin{array}
Q191: Which of the following is true of
Q192: A variable cost is one that changes
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Q196: Exhibit 7.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 7.3
Q197: Table 7.4<br> <span class="ql-formula" data-value="\begin{array}