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  2. Topic
    Business
  3. Study Set
    Managerial Economics Foundations
  4. Exam
    Exam 11: Managerial Decisions in Competitive Markets
  5. Question
    Bartech,Inc
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Bartech,Inc

Question 2

Question 2

Multiple Choice

Bartech,Inc.is a firm operating in a competitive market.The manager of Bartech forecasts product price to be $28 in 2015.Bartech's average variable cost function is estimated to be Bartech,Inc.is a firm operating in a competitive market.The manager of Bartech forecasts product price to be $28 in 2015.Bartech's average variable cost function is estimated to be   Bartech expects to face fixed costs of $12,000 in 2015.What is the minimum average variable cost? A) $0 B) $5.50 C) $6.00 D) $6.50 E) $7.00 Bartech expects to face fixed costs of $12,000 in 2015.What is the minimum average variable cost?


A) $0
B) $5.50
C) $6.00
D) $6.50
E) $7.00

Correct Answer:

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