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The Long-Run Total Cost Schedule of a Perfectly Competitive Firm

Question 110

Multiple Choice

The long-run total cost schedule of a perfectly competitive firm that produces blueberries is as follows:
TABLE 8-2
The long-run total cost schedule of a perfectly competitive firm that produces blueberries is as follows: TABLE 8-2    -Refer to Table 8-2. What is the average total cost of producing 2000 kilograms of blueberries in the long run? A)  $2 B)  $2.20 C)  $2.50 D)  $2.75
-Refer to Table 8-2. What is the average total cost of producing 2000 kilograms of blueberries in the long run?


A) $2
B) $2.20
C) $2.50
D) $2.75

Correct Answer:

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