Business, 06.04.2021 04:20 dukkchild666
Answer the question on the basis of the following cost data.
Output Average Fixed Cost Average Variable Cost
1 $50.00 $100.00
2 25.00 80.00
3 16.67 66.67
4 12.50 65.00
5 10.00 68.00
6 8.37 73.33
7 7.14 80.00
8 6.25 87.50
The marginal cost curve would intersect the average variable cost curve at about:
a. 2 units of output.
b. 4 units of output.
c. 6 units of output.
d. 7 units of output.
Answers: 2
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Answer the question on the basis of the following cost data.
Output Average Fixed Cost Average Vari...
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