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Straker Industries Estimated Its Short-Run Costs Using a U-Shaped Average

Question 15

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Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form and obtained the following results.Total fixed cost TFC) at Straker Industries is $1,000. At Straker Industries,average variable cost AVC) reaches its minimum value at $________. A) $24.50 B) $33.60 C) $72.80 D) $121.80 and obtained the following results.Total fixed cost TFC) at Straker Industries is $1,000. Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form and obtained the following results.Total fixed cost TFC) at Straker Industries is $1,000. At Straker Industries,average variable cost AVC) reaches its minimum value at $________. A) $24.50 B) $33.60 C) $72.80 D) $121.80 At Straker Industries,average variable cost AVC) reaches its minimum value at $________.


A) $24.50
B) $33.60
C) $72.80
D) $121.80

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