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    Economics Today Study Set 1
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    Exam 22: The Firm: Cost and Output Determination
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    -In the Above Table, What Is the Average Variable Cost
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-In the Above Table, What Is the Average Variable Cost

Question 45

Question 45

Multiple Choice

  -In the above table, what is the average variable cost to produce 4 units of output? A)  $30 B)  $60 C)  $55 D)  $20
-In the above table, what is the average variable cost to produce 4 units of output?


A) $30
B) $60
C) $55
D) $20

Correct Answer:

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