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Firm fixed cost amounts

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Reference no: EM131974114

Suppose AVC = $113 when the firm produces 130 units of output. Then the firm's fixed cost amounts to

a) $1,388, and its profit amounts to $5,143

b) $3,000, and its profit amounts to $12,500

c) $1,560, and its profit amounts to $6,500

d)$1,510, and its profit amounts to $6,500

e) $2,760, and its profit amounts to $11,500

Reference no: EM131974114

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