Hactory produces 20 units of output. Its average faed cost (AFC) - $25, everage total cost (ATC) - $35, and marginal cost (MC) – $15. The shoe factory's veriable cost is OaS10 Ob.$500 OCS200

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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A shoe factory produces 20 units of output. Its average fixed cost (AFC)- $25, everage total cost (ATC) - $35, and marginal cost (MC) - S15. The
shoe factory's variable cost is
Oa. 510
O b.$500
OC S200
Transcribed Image Text:A shoe factory produces 20 units of output. Its average fixed cost (AFC)- $25, everage total cost (ATC) - $35, and marginal cost (MC) - S15. The shoe factory's variable cost is Oa. 510 O b.$500 OC S200
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