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    Principles of Microeconomics
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    Exam 8: Short-Run Costs and Output Decisions
  5. Question
    If the Average Variable Cost of the Fifth Hat Is
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If the Average Variable Cost of the Fifth Hat Is

Question 99

Question 99

Multiple Choice

If the average variable cost of the fifth hat is $30, then the total variable cost of five hats is


A) $6.
B) $150.
C) $1,800.
D) indeterminate from this information.

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