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A Firm's Average Fixed Cost When Producing 2,000 Units of Output

Question 11

Multiple Choice

A firm's average fixed cost when producing 2,000 units of output equals $10.When only 1,000 units of output are produced:

A) AFC must still equal $10.
B) AFC must equal $20.
C) AFC must equal $5.
D) marginal cost must equal $20.
E) marginal cost must equal $10.

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