quantity are the same as they were initially. D) price is the same as it was initially, and the quantity sold is higher. 5) A firm’s average total cost is $100, its average variable cost is $70, and its output is 100 units. Its total fixed cost is A) $1,000. B) $2,000. C) $3,000. D) can’t determine. 6) A firm’s average total cost is $100, its average variable cost is $70, and its output is 100 units. Its total cost is A) $10,000. B) $7,000. C) $3,000. D) can’t determine. 7) For…
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