Multiple Choice
Exhibit 23-8
-Refer to Exhibit 23-8. Assuming that total fixed costs are $80, the average variable cost of producing 5 units of output is
A) $38.00.
B) $74.00.
C) $10.67.
D) $38.67.
E) There is not enough information given to answer this question.
Correct Answer:
Verified
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