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Farm Supply Plans to Make 10,000 Tractors at Its Plant

Question 109

Multiple Choice

Farm Supply plans to make 10,000 tractors at its plant. Fixed costs are $1,000,000 and variable costs are $500 per tractor. What is the average cost per tractor?


A) $600
B) $500
C) $100
D) $1,500

Correct Answer:

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