Bartech,Inc.is a firm operating in a competitive market.The manager of Bartech forecasts product price to be $28 in 2015.Bartech's average variable cost function is estimated to be
Bartech expects to face fixed costs of $12,000 in 2015.What is the minimum average variable cost?
A) $0
B) $5.50
C) $6.00
D) $6.50
E) $7.00
Correct Answer:
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