If the average variable cost of producing 4 jeans at Jerry's factory is $60, and the fixed cost of the factory per hour is $200, what is the total cost when 4 jeans are produced? A $60 В $240 C $260 D $440

If the average variable cost of producing 4 jeans at Jerry's factory is $60, and the fixed cost of the factory per hour is $200, what is the total cost when 4 jeans are produced? A $60 В $240 C $260 D $440

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 19RQ: What shapes would you generally expect each of the following cost curves to have: fixed costs,...

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Question

If the average variable cost of producing 4 jeans
at Jerry's factory is $60, and the fixed cost of the
factory per hour is $200, what is the total cost
when 4 jeans are produced?
A
$60
В
$240
C
$260
D
$440

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