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The Fixed Cost of the Firm Is $500

Question 237

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 total cost of the firm when 3 units of output are being produced is A) $350. B) $400. C) $500. D) $700. The average total cost of the firm when 3 units of output are being produced is


A) $350.
B) $400.
C) $500.
D) $700.

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