If AFC Is $8 at a Quantity of Output of 1,000

question 6

Multiple Choice

If AFC is $8 at a quantity of output of 1,000 units, and ATC is $12 at the same level of output, it follows that

• A)marginal cost is $10.
• B)AVC is $4,000.
• C)total cost is $4,000.
• D)marginal cost is $1,000.
• E)AVC is $4.

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