If the Total Cost of Production for 1000 Widgets Is

question 43

Multiple Choice

If the total cost of production for 1000 widgets is $2000 and marginal cost is constant at $1,what is the average fixed cost for the 1000 widgets?

• A) $2
• B) $1.5
• C) $1
• D) $0.5

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Definitions:

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The outer layer of the cerebrum in the brain, involved in many complex brain functions including memory, attention, perceptual awareness, thought, language, and consciousness.

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