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If Fixed Costs Are $1,000 and Variable Costs Are Constant

Question 83

Multiple Choice

If fixed costs are $1,000 and variable costs are constant at $1.00 per unit over the relevant range of output,what will the average total cost be when 2,000 units are produced?


A) $0.50
B) $1.00
C) $1.50
D) $2.00

Correct Answer:

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