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Refer to the table below

Accounting

Refer to the table below. The average total cost at the profit-maximizing level of output equals:

a. $53.00,

b. $58.33,

c. $59.00,

d. $51.50,

e. There is not enough information given to answer this question.

 

Quantity Total revenue Total cost
2 200 150
3 $270 $175
4 $328 $206
5 $375 $252
6 $390 $312

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