Suppose a firm is producing 500 units of output,incurring a total cost of $700 000 and total fixed cost of $100 000.It can be concluded that average variable cost is
A)$200.
B)$600.
C)$1200.
D)$1400.
E)$1600.

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The Answer of Suppose a firm is producing 500 units of output,incurring a total cost of $700 000 and total fixed cost of $100 000.It can be concluded that average variable cost is
A)$200.
B)$600.
C)$1200.
D)$1400.
E)$1600.

Suppose a Firm Is Producing 500 Units of Output,incurring a Total