Multiple Choice
Suppose a lawn-mowing business has a mower for which it paid $1000 and workers for which they pay $10 per hour. Suppose each mower can mow a lawn per hour.
A) Their average fixed cost is $1000.
B) Their variable cost per lawn is $10 + $1000/lawns mowed.
C) Their total fixed cost is $1000/lawns mowed.
D) Their average variable cost is $10 per lawn mowed.
Correct Answer:
Verified
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