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

Question 22

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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 12 units of output,what is estimated short-run marginal cost SMC) ? A) $28.04 B) $32.40 C) $33.33 D) $62.60 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 12 units of output,what is estimated short-run marginal cost SMC) ? A) $28.04 B) $32.40 C) $33.33 D) $62.60 If Straker Industries produces 12 units of output,what is estimated short-run marginal cost SMC) ?


A) $28.04
B) $32.40
C) $33.33
D) $62.60

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