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Can someone please explain how to do these few questions to me. I have a test coming up and need to get this concept. Thanks
Can someone please explain how to do these few questions to me. I have a test coming up and need to get this concept. Thanks in advance!
If Willie's fixed costs total $500 and his average variable costs are $80 at 100 units of output, what would his average total costs equal? If fixed costs total $1,000 and variable costs per unit equal $7'5 at 20 units of output, what does average total cost equal? MC intersects ATC at the lowest point on the MC curve. O True C FalseBased on the table below, what does total cost equal at 24 units of output? Based on the table below, what does total variable cost equal at 25 units of output? 0 There is not sufficient information to draw a conclusion. If Willie's fixed costs total $500 and variable costs total $80 at 100 units of output, what would his average total costs equalStep by Step Solution
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