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Exhibit 11-5 Refer to Exhibit 11-5

Question 94

Multiple Choice

Exhibit 11-5 Exhibit 11-5 Refer to Exhibit 11-5.The distance Y between the two curves in the diagram is: A) the total cost of producing five units of output. B) the total variable cost of producing five units of output. C) the total fixed cost of producing five units of output. D) the average variable cost of producing five units of output. Refer to Exhibit 11-5.The distance Y between the two curves in the diagram is:


A) the total cost of producing five units of output.
B) the total variable cost of producing five units of output.
C) the total fixed cost of producing five units of output.
D) the average variable cost of producing five units of output.

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