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yufeige4 yufeige4
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Question 1.

________ cost refers to the full economic costs of production.



▸ Total

▸ Marginal

▸ Average variable

▸ Total variable

Question 2.

The Framing Gallery frames posters and has total fixed costs of $1,000. The Framing Gallery is currently framing ________ posters if its average variable cost is $20 and its average total cost is $30.



▸ 5

▸ 25

▸ 100

▸ an indeterminate number of
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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jesika1122jesika1122
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