A Firm's Average Variable Cost Is $60, Its Total Fixed

question 205

Multiple Choice

A firm's average variable cost is $60, its total fixed cost is $3,000, and its output is 600 units. Its average total cost is

• A) less than $58.
• B) between $58 and $62.
• C) between $62 and $64.
• D) more than $64.

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