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Question
| Output | Fixed Costs | Variable Costs | Total Costs | Average Total Costs | Average Marginal Variable Costs Costs |
| 0 | $0 | $100 | |||
| 1 | 30 | ||||
| 2 | 50 | ||||
| 3 | 60 | ||||
| 4 | 120 | ||||
| 5 | 200 |
In the above table, what is the average variable cost to produce 3 units of output?
A) $30
B) $60
C) $10
D) $20
Answer
This answer is hidden. It contains 1 characters.
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