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A firm is operating with a Total Variable Cost of Rs. 500 when 5 units of the given output are produced and the Total Fixed Costs are Rs. 200, what will be the Average Total Cost of producing 5 units of output? (i) Rs.140 (ii) Rs.100 (iii ) Rs.120 (iv) Rs.300 |
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Answer» The correct answer is (i) Rs. 140 |
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