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Author Question: The table below provides information on output per month and short-run costs for a firm producing ... (Read 27 times)

stananza

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The table below provides information on output per month and short-run costs for a firm producing outdoor wooden lounge chairs. All costs are in dollars.

QTotal Fixed Cost Total Variable CostTotal Cost
  5200200 400
10200220 420
15200240  440
20200260  460
25200350  550
302008101010

TABLE 7-5

Refer to Table 7-5. What is the average variable cost of producing 10 chairs?
◦ $220
◦ $42
◦ $22
◦ $420
◦ $200


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Marked as best answer by stananza on Oct 12, 2022

Snabbey

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stananza

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Reply 2 on: Oct 12, 2022
Wow, this really help


robbielu01

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Reply 3 on: Yesterday
:D TYSM

 

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