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CHAPTER 4 QUIZ

Question 1


The Lawn Ranger, a landscaping company, has total costs of $4,000 and total variable costs of $1,000. The Lawn Ranger's total fixed costs are Correct: $3,000. ------------------------------------------------------------------Question 2 The total variable cost curve Correct: All of the above mentioned. ------------------------------------------------------------------Question 3 Use the following figure to answer the next question: What production technique should this firm use to produce 2 units of output? Correct: Manufacturing technique B ------------------------------------------------------------------

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Eco 561 chapter 4 quiz  
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