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1. The short-run cost function of a company is given by the equation TC=200+55q, where TC...

1. The short-run cost function of a company is given by the equation TC=200+55q, where TC is the total cost and q is the total quantity of output. If the company produced 100 units of the good, what is the average fixed cost?

A. 200
B. 55
C. 2
D. 100
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