Refer to the Above Data

question 147

Multiple Choice

Refer to the above data.The average total cost of producing 3 units of output is:

• A) $14.
• B) $12.
• C) $13.50.
• D) $16. Average total cost at 3 units of output is $48/3 = $16.

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Definitions:

Americans

Refers to the citizens or people associated with the United States of America.

Farms

Land and the buildings on it, used primarily for producing food and other agricultural products.

Social Change

The transformation of a culture over time.

Unmistakable Periods

Distinct and clear phases in time or history recognized for their unique characteristics or events.