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-Refer to the Graph Above

Question 100

Multiple Choice

-Refer to the graph above.The gap between point L and point M represents A) average total cost. B) average cost of 5 units of output. C) average variable cost of 5 units of output. D) average fixed cost of 5 units of output. E) average profit of 5 units of output.
-Refer to the graph above.The gap between point L and point M represents


A) average total cost.
B) average cost of 5 units of output.
C) average variable cost of 5 units of output.
D) average fixed cost of 5 units of output.
E) average profit of 5 units of output.

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