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Suppose Ike’s Bikes is currently producing 100 bikes per month in its only factory. Its short-run average total cost is

Respuesta :

The short-run average total cost of Ike's Bikes of producing 100 bikes is $360.

What is the short-run average total cost ?

The short-run is a production period where some of the factors used in the production process are fixed and others are variable. The  short-run average total cost is the total cost divided by total output. Total cost is the sum of fixed cost and variable cost.

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