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Author Question: Suppose a firm is producing 500 units of output, incurring a total cost of $700 000 and total fixed ... (Read 154 times)

eboni

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on: Oct 12, 2022

Question 1

Suppose a firm is producing 100 units of output, incurring a total cost of $10 000 and total variable cost of $6000. It can be concluded that average fixed cost is
◦ $100.
◦ $60.
◦ $160.
◦ $4000.
◦ $40.

Question 2

Suppose a firm is producing 500 units of output, incurring a total cost of $700 000 and total fixed cost of $100 000. It can be concluded that average variable cost is
◦ $1200.
◦ $1400.
◦ $1600.
◦ $200.
◦ $600.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by eboni on Oct 12, 2022

Sha

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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eboni

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

amcvicar

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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