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nisha nisha
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Posts: 160
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A year ago
The table below provides information on output per month and short-run costs for a firm producing outdoor wooden lounge chairs. All costs are in dollars.

QTotal Fixed Cost Total Variable CostTotal Cost
  5200200 400
10200220 420
15200240  440
20200260  460
25200350  550
302008101010

TABLE 7-5

Refer to Table 7-5. What is the average total cost of producing 25 chairs?

▸ $550

▸ $14

▸ $23

▸ $22

▸ $13
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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MspracticalMspractical
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A year ago
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nisha Author
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A year ago
Just got PERFECT on my quiz
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Yesterday
Good timing, thanks!
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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