Table 21.2Output (units per day)0102030Total cost (dollars per day)$40$54$62$80Average fixed cost at 20 units of output in Table 21.2 is
A. $1.00.
B. $4.00.
C. $2.50.
D. $2.00.
Answer: D
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What will be an ideal response?
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A theory is a(n) __________ representation of how two or more variables interact with each other.
a. simplified b. complex c. alternative d. contradictory
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