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Business, 05.08.2019 22:30 Worldprofessor6252

The information below applies to a competitive firm that sells its output for $40 per unit. • when the firm produces and sells 150 units of output, its average total cost is $24.50. • when the firm produces and sells 151 units of output, its average total cost is $24.55. refer to scenario 14-4. suppose the firm is producing 150 units of output and its fixed cost is $975. then its average variable cost amounts to a. $18.00. b. $19.60. c. $16.40. d. $17.00.

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