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    Principles of Microeconomics Study Set 5
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    Exam 8: Short-Run Costs and Output Decisions
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    Refer to the Information Provided in Figure 8
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Refer to the Information Provided in Figure 8

Question 102

Question 102

Multiple Choice

Refer to the information provided in Figure 8.5 below to answer the questions that follow. Refer to the information provided in Figure 8.5 below to answer the questions that follow.   Figure 8.5 -Refer to Figure 8.5. If three ovens are produced, average variable costs are A)  $166.67. B)  $83.33. C)  $500. D)  $1,500. Figure 8.5
-Refer to Figure 8.5. If three ovens are produced, average variable costs are


A) $166.67.
B) $83.33.
C) $500.
D) $1,500.

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