Assume That in the Short Run a Firm Is Producing

question 278

Multiple Choice

Assume that in the short run a firm is producing 100 units of output, has average total costs of $100, and average fixed costs of $20. The firm's total variable cost at this output level is

• A) $120.
• B) $80.
• C) $8,000.
• D) $12,000.

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