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If the Total Cost of Producing 4 Chairs Is $146

Question 27

Multiple Choice

If the total cost of producing 4 chairs is $146 and the marginal cost of producing the 5th chair is $26, then average total cost of producing 5 chairs is:


A) $5.20 per chair.
B) $6.50
C) $34.40
D) $36.50 per chair.

Correct Answer:

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