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If Average Total Costs Are $40 and Average Variable Cost

Question 147

Multiple Choice

If average total costs are $40 and average variable cost are $20 at 10 units of output and the marginal cost of the 11th unit is $30,what is the average total cost of 11 units?


A) $23.00
B) $20.09
C) $30.00
D) $39.09

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