Multiple Choice
Suppose that, when producing 10 units of output, a firm's AVC is $22, its AFC is $5, and its MC is $30. This firm's
A) ATC is $35.
B) ATC is $57.
C) total cost is $270.
D) total cost is $30.
Correct Answer:
Verified
Related Questions
Suppose that, when producing 10 units of output, a firm's AVC is $22, its AFC is $5, and its MC is $30. This firm's
A) ATC is $35.
B) ATC is $57.
C) total cost is $270.
D) total cost is $30.
Correct Answer:
Verified