Question
A firm hastotalfixed costs of $5,000. Itsaveragevariable cost (AVC) to produce 100 widgets is $3,000, and itsaveragevariable cost (AVC) to produce 101 widgets is $2,990.
A firm hastotalfixed costs of $5,000. Itsaveragevariable cost (AVC) to produce 100 widgets is $3,000, and itsaveragevariable cost (AVC) to produce 101 widgets is $2,990. What is theaveragetotal cost (ATC) to produce 100 widgets?
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Technology Ventures From Idea To Enterprise From Idea To Enterprise
Authors: Richard C Dorf, Byers
3rd Global Edition
9780071289214
