Author Question: Suppose a firm is producing 10 000 units of output. At this level of output, average total cost is ... (Read 102 times)

parker123 · **on:** Oct 12, 2022

Question 1

Suppose a firm is producing 250 units of output. At this level of output, average fixed costs are $20 per unit and average variable costs are $80 per unit. It can be concluded that total cost is
◦ $100.
◦ $0.40 per unit.
◦ $40 per unit.
◦ $25 000.
◦ $2500.

Question 2

Suppose a firm is producing 10 000 units of output. At this level of output, average total cost is $200 and average fixed cost is $20. It can be concluded that total variable cost is
◦ $180 000.
◦ $18 000.
◦ $180.
◦ $1800.
◦ $1 800 000.

ladan86 · **Reply #1 on:** Oct 12, 2022

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