If a firm's output equals 10, product price equals $5.00, TFC = $8.00, and TVC = $60.00,then ATC would equal
A) $.80
B) $1.00
C) $6.00
D) $6.80
E) $8.00
Correct Answer:
Verified
Q55: Average fixed cost is measured by
A) AVC
Q56: Average variable cost is measured by
A) AFC
Q57: Q58: If a firm's output equals 10, product Q59: If a firm's output equals 10, product Q61: If a firm's output equals 10, product Q62: Economies of scale implies that increases in Q63: Economies of scale Q64: If a firm can double output by Q65: Starting a fishing business
A) require a change in
A) is safe because
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