Suppose a Firm Is Producing 250 Units of Output

question 124

Multiple Choice

Suppose a firm is producing 250 units of output.At this level of output,average fixed costs are $20 per unit and average variable costs are $80 per unit.It can be concluded that total cost is

• A)$100.
• B)$0.40 per unit.
• C)$40 per unit.
• D)$2500.
• E)$25 000.

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