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rbowen87 rbowen87
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9 months ago

Situation 22-3

Gizmos, Inc. produces gizmos at an average total cost of $15 and an average variable cost of $12. The only fixed input used in the production of gizmos costs $240.

Refer to Situation 22-3. What are the total costs?



▸

$1,200



▸

$2,400



▸

$850



▸

$960



▸

There is not enough information to answer the question.

Textbook 
Economics

Economics


Edition: 12th
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benschmannbenschmann
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9 months ago
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rbowen87 Author
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9 months ago
Good timing, thanks!
Katey_maree
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Marcie D
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2 hours ago
Helped a lot
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