Answer the question on the basis of the following cost data for a purely competitive seller: Refer to the data.At 5 units of output,average fixed cost,average variable cost,and average total cost are:
A) $10,$60,and $70 respectively.
B) $50,$40,and $90 respectively.
C) $10,$70,and $80 respectively.
D) $5,$25,and $30 respectively.
Correct Answer:
Verified
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