Multiple Choice
Tankao makes earbuds for mobile devices.When Tankao produces 20 sets of earbuds,its average variable cost is $5 per set and its average total cost is $8 per set.Tankao's:
A) marginal cost is less than $3 per set.
B) marginal cost is $3 per set.
C) average fixed cost is $3 per set.
D) marginal cost is equal to its average fixed cost.
Correct Answer:
Verified
Correct Answer:
Verified
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