If a firm's MC is $8 between output of 7 units and 8 units, and TVC is $150 when output is 7 units, what is AVC when output is 8 units? O $18.25 O $19.75 O $17.5 O $20.85
If a firm's MC is $8 between output of 7 units and 8 units, and TVC is $150 when output is 7 units, what is AVC when output is 8 units? O $18.25 O $19.75 O $17.5 O $20.85
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![If a firm's MC is $8 between output of 7 units and 8 units, and TVC is $150 when output is 7 units, what is AVC when output is 8 units?
O $18.25
O $19.75
O $17.5
O $20.85
please show work!](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F34fddd2c-9cac-4dd1-8565-d4899e3a6f1b%2F8068384d-8d4e-40d8-a16c-978b79d8b9d0%2F8dvnk4k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If a firm's MC is $8 between output of 7 units and 8 units, and TVC is $150 when output is 7 units, what is AVC when output is 8 units?
O $18.25
O $19.75
O $17.5
O $20.85
please show work!
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