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If Total Costs Are $30,000 at an Output of 2,000

Question 20

Multiple Choice

If total costs are $30,000 at an output of 2,000 units and $45,000 at an output of 3,500 units, and variable costs are $10 per unit, total fixed costs are:


A) $15,000
B) $10,000
C) $20,000
D) $25,000

Correct Answer:

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