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    Exam 11: Technology, Production, and Costs
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    Average Fixed Cost Is Equal to
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Average Fixed Cost Is Equal to

Question 132

Question 132

Multiple Choice

Average fixed cost is equal to


A) the amount of total cost that does not change as output changes in the short run.
B) fixed cost divided by the quantity of output produced.
C) fixed cost multiplied by the quantity of output produced.
D) average total cost plus average variable cost.

Correct Answer:

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