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Labor Output Variable Cost Fixed Cost Total Cost 0 0 12 1 10 5 2 18 22 3 24 15 4 28 20 32 Consider
| Labor | Output | Variable Cost | Fixed Cost | Total Cost |
| 0 | 0 | 12 | ||
| 1 | 10 | 5 | ||
| 2 | 18 | 22 | ||
| 3 | 24 | 15 | ||
| 4 | 28 | 20 | 32 |
Consider the table above. What is the average total cost at 3 units of labor?
Group of answer choices
$1
$1.13
$9
$27
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How The Old World Ended The Anglo-Dutch-American Revolution 1500-1800
Authors: Jonathan Scott
1st Edition
0300249365, 9780300249361
