Suppose Sarah's pottery studio produces 5 units of output, its average cost is $100, average variable cost is $80. The fixed cost cost must be $ 1) 500 2) 180 3) 100 4) can't be determined
Suppose Sarah's pottery studio produces 5 units of output, its average cost is $100, average variable cost is $80. The fixed cost cost must be $ 1) 500 2) 180 3) 100 4) can't be determined
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 2SQP
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