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The Wacky Widget company has fixed costs of $100,000 per year. The firm's average variable cost is $10 for 10,000 widgets. At that level of
The Wacky Widget company has fixed costs of $100,000 per year. The firm's average variable cost is $10 for 10,000 widgets. At that level of output, the firm's average total costs equal
a.$10b.$15c.$20d.$25
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