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A firm has total fixed costs of $12,000 a year. The average variable cost is $5.00 for 4,000 units of output. At this level of
A firm has total fixed costs of $12,000 a year. The average variable cost is $5.00 for 4,000 units of output. At this level of output, its average total costs are:
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
