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Figure 14-1 -Refer to Figure 14-1.Suppose AVC = $113 When the Firm

Question 480

Multiple Choice

Figure 14-1 Figure 14-1 -Refer to Figure 14-1.Suppose AVC = $113 when the firm produces 515 units of output.Then the firm's fixed cost amounts to A) $5,500 and its profit amounts to $20,375. B) $5,750 and its profit amounts to $20,375 C) $5,980 and its profit amounts to $25,750. D) $6,180 and its profit amounts to $25,750.
-Refer to Figure 14-1.Suppose AVC = $113 when the firm produces 515 units of output.Then the firm's fixed cost amounts to

A) $5,500 and its profit amounts to $20,375.
B) $5,750 and its profit amounts to $20,375
C) $5,980 and its profit amounts to $25,750.
D) $6,180 and its profit amounts to $25,750.

Correct Answer: