Answered: Suppose a firm is producing 100 units…

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

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...

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Question

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 thut average fised costis
O $40.
Os80.
O $100.
$160.

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