If a firm produces 8 units of output with average fixed cost=40 and average variable cost=25, what ...

Author Question: If a firm produces 8 units of output with average fixed cost=40 and average variable cost=25, what ... (Read 200 times)

viki

Hero Member
Posts: 525

on: Jul 1, 2018

If a firm produces 8 units of output with average fixed cost=40 and average variable cost=25, what is its total variable cost?
a. 200
b. 320
c. 1,000
d. 650

Question 2

By focusing the customers on the price of a product, you make the demand for the product
a. More elastic
b. Less elastic
c. Perfectly inelastic
d. None of the above

frankwu0507

Sr. Member
Posts: 322

Reply #1 on: Jul 1, 2018

Answer to Question 1

a

Answer to Question 2

a

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