A firm produces 5000 waterproof cellphone cases, which they sell for $30 each. They have $35,000 in fixed costs and S85,000 in total costs every year. What is the average variable cost? Selected Answer: e. $7 Answers: a. S17 b. $24 c. $27 d. $10 e. $7

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A: Below is the formula for marginal cost:

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A: * SOLUTION :-  By using the formulas we write the table  AFC=FC/Q AVC=VC/Q ATC=AFC+AVC

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