Adam operates a factory that produces beach towels. His current level of output equals 1000 towels per week. His weekly variable cost equals $4000. If the total cost each week equals $4500, what is the average total cost of production per towel? $2 $4 $4.50 $8

Adam operates a factory that produces beach towels. His current level of output equals 1000 towels per week. His weekly variable cost equals $4000. If the total cost each week equals $4500, what is the average total cost of production per towel? $2 $4 $4.50 $8

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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