Question
According to the information below, which of the following is (are) true?
Units of variable input (I)
Units of output (Q)
1,000
ТC
TVC
200
$30,000
$25,000
TFC $55,000
b. AVC $30
The price of the variable input is $125/unit
а.
с.
d.
a. and c

Image Transcription

According to the information below, which of the following is (are) true? Units of variable input (I) Units of output (Q) 1,000 ТC TVC 200 $30,000 $25,000 TFC $55,000 b. AVC $30 The price of the variable input is $125/unit а. с. d. a. and c

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Cost of production

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