“8. A firm produces 400 units of output at a total cost of $1,200. If total variable costs ar a. average fixed cost is 50 cents. b. average variable cost is $2. c. average total cost is $2.50. d. average total cost is 50 cents.” https://content.bartleby.com/qna-images/question/66c6604b-039c-4afd-872a-b167ca11814a/1eb6b3b2-1af5-4a50-a506-441bfc277e26/mb19zr_thumbnail.png

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