Advanced Placement (AP), 07.04.2021 04:10 christianconklin22

The firm's total cost after the rent increase is $2,000, and its new total fixed cost is $1,600. It is producing 20 units of output. Calculate the firm's average variable cost. Show your work.

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The firm's total cost after the rent increase is $2,000, and its new total fixed cost is $1,600. It...

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