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Consider the following current information for a firm: Quantity=60 ATC=100 AVC=50 What is the total fixed cost of producing these60units of output? a.$2,000 b.$3,000 c.$1,500
Consider the following current information for a firm:
Quantity=60
ATC=100
AVC=50
What is the total fixed cost of producing these60units of output?
a.$2,000
b.$3,000
c.$1,500
d.$300
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