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Chuck Owns a Factory That Produces Leather Footballs

Question 43

Multiple Choice

Chuck owns a factory that produces leather footballs. His total fixed cost equalled $86,000 last year. His total cost equalled $286,000 last year. Hence Chuck's


A) total variable cost equalled $372,000.
B) total variable cost was zero.
C) factory incurred an economic loss.
D) total variable cost equalled $200,000.
E) None of the above answers is correct.

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