Assume That in the Short Run a Firm Is Producing

question 253

Multiple Choice

Assume that in the short run a firm is producing 200 units of output, has average total costs of $250, and has average variable costs of $150. The firm's total variable costs are.

• A)$30,000.
• B)$50,000.
• C)$100.
• D)$20,000.

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