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Labor (Number of workers) (Units) Output Fixed Cost Variable Cost (Dollars) (Dollars) 0 0 30 0 1 100 30 15 2 180 30 30
Labor (Number of workers) (Units) Output Fixed Cost Variable Cost (Dollars) (Dollars) 0 0 30 0 1 100 30 15 2 180 30 30 3 240 30 45 4 280 30 60 5 300 30 75 Refer to Table 14-9. The average variable cost of producing 240 units is O a. $0.13. b. $0.32. O c. $0.19. d. $0.80.
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Microeconomics
Authors: Michael Parkin
11th edition
133019942, 978-0133020250, 133020258, 978-0133019940
