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The Production Function and Diminishing Returns
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The Production Function and Diminishing Returns
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10. The Costs of Production / The Production Function and Diminishing Returns / Problem 6
Problem 6
If a bakery has a total cost of \$800 and produces 400 loaves, what is the average total cost per loaf?
A
\$2
B
\$4
C
\$1
D
\$3
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