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

Question 23

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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. If Straker Industries produces 20 units of output,what is estimated short-run marginal cost SMC) ? A) $171.40 B) $463.20 C) $1,348 D) $2,348 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. If Straker Industries produces 20 units of output,what is estimated short-run marginal cost SMC) ? A) $171.40 B) $463.20 C) $1,348 D) $2,348 If Straker Industries produces 20 units of output,what is estimated short-run marginal cost SMC) ?


A) $171.40
B) $463.20
C) $1,348
D) $2,348

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