Suppose a Firm Is Producing 500 Units of Output,incurring a Total

question 141

Multiple Choice

Suppose a firm is producing 500 units of output,incurring a total cost of $700 000 and total fixed cost of $100 000.It can be concluded that average variable cost is

• A)$200.
• B)$600.
• C)$1200.
• D)$1400.
• E)$1600.