When choosing the production level for tomorrow you find that at an output of 100 units, the total variable costs are $20,000 and the average fixed cost is only $50 . If the market price is $200, you should
a. hire an economic consultant
b. produce at a loss equal to $5,000
c. produce more than 100 units
d. produce fewer than 100 units
e. produce where MC is at a minimum
B
Economics
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