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The Fixed Cost of the Firm Is $500

Question 284

Multiple Choice

The fixed cost of the firm is $500. The firm's total variable cost is indicated in the table. The fixed cost of the firm is $500. The firm's total variable cost is indicated in the table. The average variable cost of the firm when 5 units of output are produced is A) $100. B) $200. C) $300. D) $400. The average variable cost of the firm when 5 units of output are produced is


A) $100.
B) $200.
C) $300.
D) $400.

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