Multiple Choice
Table 7-B
The long-run total cost schedule of a perfectly competitive firm that produces walnuts is as follows:
-Refer to Table 7-B.The average total cost of producing 2,000 pounds of walnuts in the long run is:
A) $2.00
B) $2.20.
C) $2.50.
D) $2.75.
E) $3.00
Correct Answer:
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