Question
At the end of the year, a firm produced 20,000 laptop computers. Its total costs were $10 million, and its fixed costs were $5 million.What
At the end of the year, a firm produced 20,000 laptop computers. Its total costs were
$10
million, and its fixed costs were
$5
million.What are the average variable costs
(to
the nearest
dollar)
of this firm?
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Essentials of Econometrics
Authors: Damodar Gujarati, Dawn Porter
4th edition
73375845, 978-0071276078, 71276076, 978-0073375847
