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Assume that in the short run a firm is producing 1,000 units of output, has average total costs of $100, and has average variable costs
Assume that in the short run a firm is producing 1,000 units of output, has average total costs of $100, and has average variable costs of $75. The firm'stotalcosts are.
Multiple Choice
- $100,000.
- $75,000.
- $25.
- $25,000.
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