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The following question is referred to the following table Q28: Table Q28: Output, Fixed and Variable Cost Output Fixed cost Variable cost 100 20 100 40 50 100 80 70 100 120 80 100 160 What is the average fixed cost of producing output of 0 and 80? A. O and 160 В. 100 and 100 C. O Cannot be determined D. O O and 4

The following question is referred to the following table Q28: Table Q28: Output, Fixed and Variable Cost Output Fixed cost Variable cost 100 20 100 40 50 100 80 70 100 120 80 100 160 What is the average fixed cost of producing output of 0 and 80? A. O and 160 В. 100 and 100 C. O Cannot be determined D. O O and 4

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following question is referred to the following table Q28: Table Q28: Output, Fixed and Variable Cost Output Fixed cost Variable cost 100 20 100 40 50 100 80 70 100 120 80 100 160 What is the average fixed cost of producing output of 0 and 80? А. O and 160 В. 100 and 100 C. Cannot be determined D. O and 4 B.
Transcribed Image Text:The following question is referred to the following table Q28: Table Q28: Output, Fixed and Variable Cost Output Fixed cost Variable cost 100 20 100 40 50 100 80 70 100 120 80 100 160 What is the average fixed cost of producing output of 0 and 80? А. O and 160 В. 100 and 100 C. Cannot be determined D. O and 4 B.
Economies of scale occurred when the is А. short run average cost curve; decreasing long run average cost curve; decreasing C. long run average cost curve; increasing short run average cost curve; increasing B. D.
Transcribed Image Text:Economies of scale occurred when the is А. short run average cost curve; decreasing long run average cost curve; decreasing C. long run average cost curve; increasing short run average cost curve; increasing B. D.
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