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Refer to the Following

Question 3

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refer to the following:
A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: refer to the following: A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price, M is income, and is the price of a key input. The forecasts for the next year are = $15,000 and = $20. Average variable cost is estimated to be Total fixed cost will be $6,000 next year. -What is the firm's minimum average variable cost? A) $ 2 B) $ 6 C) $ 8 D) $20 refer to the following: A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price, M is income, and is the price of a key input. The forecasts for the next year are = $15,000 and = $20. Average variable cost is estimated to be Total fixed cost will be $6,000 next year. -What is the firm's minimum average variable cost? A) $ 2 B) $ 6 C) $ 8 D) $20 where P is price, M is income, and refer to the following: A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price, M is income, and is the price of a key input. The forecasts for the next year are = $15,000 and = $20. Average variable cost is estimated to be Total fixed cost will be $6,000 next year. -What is the firm's minimum average variable cost? A) $ 2 B) $ 6 C) $ 8 D) $20 is the price of a key input. The forecasts for the next year are refer to the following: A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price, M is income, and is the price of a key input. The forecasts for the next year are = $15,000 and = $20. Average variable cost is estimated to be Total fixed cost will be $6,000 next year. -What is the firm's minimum average variable cost? A) $ 2 B) $ 6 C) $ 8 D) $20 = $15,000 and refer to the following: A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price, M is income, and is the price of a key input. The forecasts for the next year are = $15,000 and = $20. Average variable cost is estimated to be Total fixed cost will be $6,000 next year. -What is the firm's minimum average variable cost? A) $ 2 B) $ 6 C) $ 8 D) $20 = $20. Average variable cost is estimated to be refer to the following: A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results: where P is price, M is income, and is the price of a key input. The forecasts for the next year are = $15,000 and = $20. Average variable cost is estimated to be Total fixed cost will be $6,000 next year. -What is the firm's minimum average variable cost? A) $ 2 B) $ 6 C) $ 8 D) $20 Total fixed cost will be $6,000 next year.
-What is the firm's minimum average variable cost?


A) $ 2
B) $ 6
C) $ 8
D) $20

Correct Answer:

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