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You Run a Business Producing Picture Frames

Question 19

Multiple Choice

You run a business producing picture frames.This month,your total cost of production is $10 000,your variable cost of production is $6 000,and you produce 3 000 picture frames.It follows that the average _____ cost is _____.


A) variable;$2
B) total;$3
C) total;$1
D) fixed;$1

Correct Answer:

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