Suppose you operate a factory producing lawn mowers. your current level of output is 500 lawn mowers per week. your weekly variable cost is $30,000. if your total cost is $40,000 per week, it follows that:
a. the average variable cost of production is $80.
b. the average cost of production is $80.
c. the average fixed cost of production is $80.
d. the average variable cost of production is $100.
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