Economics 9708 · AS & A Level · 7.5

7.5 — practice question

If the short-run marginal costs for units 1–5 are $50, $40, $20, $20, $60 and the total fixed cost is $10, which output level minimises average total cost?

  • A2 units
  • B3 units
  • C4 units
  • D5 units

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