Author Question: Total cost is calculated as a. average fixed cost plus average variable cost b. fixed cost plus ... (Read 327 times)

mydiamond · **on:** Jun 30, 2018

Total cost is calculated as
a. average fixed cost plus average variable cost
b. fixed cost plus variable cost
c. the additional cost of the last unit produced
d. marginal cost plus variable cost
e. marginal cost plus fixed cost

Question 2

Total fixed cost divided by the level of output yields
a. average variable cost per unit
b. average fixed costs per unit
c. marginal cost per unit
d. average total cost per unit
e. marginal productivity per unit of fixed resource