(Figure: Representative Firm) The figure shows the cost curves for a representative firm. At an output level of five units, the average fixed, average variable, and average total costs, respectively, would be and O $40; $80; $120 O $120; $66.67; $186.67 O $100; $120; $220 O $66.67; $53.33; $120

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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(Figure: Representative Firm) The figure shows the cost curves for a representative firm. At an output
level of five units, the average fixed, average variable, and average total costs, respectively, would be
and
O $40; $80; $120
O $120; $66.67; $186.67
O $100; $120; $220
O $66.67; $53.33; $120
Transcribed Image Text:(Figure: Representative Firm) The figure shows the cost curves for a representative firm. At an output level of five units, the average fixed, average variable, and average total costs, respectively, would be and O $40; $80; $120 O $120; $66.67; $186.67 O $100; $120; $220 O $66.67; $53.33; $120
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