Multiple Choice
Assume that a firm's total cost of producing an output of 1,000 units is currently $20,000.If output increases to 2,000 units,total cost increases to $40,000 and the price of inputs and technology remain unchanged,calculate the change in average total cost.
A) Increase of $20
B) Decrease of $20
C) Increase of $40
D) No change
Correct Answer:
Verified
Correct Answer:
Verified
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