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Business, 12.04.2020 04:01 marialuizavalen
Last spring, Coil Spring Co. reported that average fixed costs had increased but average variable costs were unchanged. This indicates that .
Group of answer choices
output is declining
marginal costs are less than average variable cost but greater than average cost
marginal costs have increased
fixed costs have increased
Theo’s Tree Trimming Service reported total revenue of $100,000 with explicit costs of $20,000. The opportunity cost of labor (an implicit cost) is $15,000. What is Theo’s economic profit?
Group of answer choices
$80,000
$65,000
$100,000
$85,000
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