A firm produces 1000 units of output at an average variable
A firm produces 1,000 units of output at an average variable cost of production of 50 cents. The firms total fixed costs equal $700. The total cost of producing 1,000 units of output equals:
A. $500
B. $800
C. $1,000
D. $1,200
E. $700
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a firm produces 1000 units of output at an average variable cost of production of 50 cents the firms total fixed costs
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