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Use the Following Figure to Answer the Question : Figure

Question 63

Multiple Choice

Use the following figure to answer the question : Figure 9-4 : shows the marginal cost curve,the average cost curve,the average variable cost curve,and the demand curve for a firm over different levels of output.The market price is $P. Use the following figure to answer the question : Figure 9-4 : shows the marginal cost curve,the average cost curve,the average variable cost curve,and the demand curve for a firm over different levels of output.The market price is $P. -Refer to Figure 9-4.The firm's average fixed cost at the output level OB is _____. A) KT B) GT C) GB D) GK
-Refer to Figure 9-4.The firm's average fixed cost at the output level OB is _____.


A) KT
B) GT
C) GB
D) GK

Correct Answer:

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