Question
17. Firm A is producing 1,000 units of output.Its total fixed cost is $400, while its total variable cost is $300.Hence: a. Average fixed cost
17. Firm A is producing 1,000 units of output.Its total fixed cost is $400, while its total variable
cost is $300.Hence:
a. Average fixed cost is $0.3.
b. Average variable cost is $0.3.
c. Average total cost is $1.
d. Marginal cost is $1.00.
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Justice In A Global Economy Strategies For Home, Community, And World
Authors: Rebecca Todd Peters, Pamela K Brubaker, Laura A Stivers
1st Edition
0664229557, 9780664229559
