Answered: 28 - : Total variable cost of firm X is…

28 - : Total variable cost of firm X is 100 and total fixed cost is 20 TL. The firm produces 40 units of goods. What is the firm's average cost in this case? a) 3 B) one NS) 2nd D) 4 TO) 5

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 6QR

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28 -

: Total variable cost of firm X is 100 and total fixed cost is 20 TL. The firm produces 40 units of goods. What is the firm's average cost in this case?

one

NS)

2nd

TO)

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