Answer to Question #174747 in Microeconomics for Rash

Question #174747

With units of output 500, AVC $15, ATC $35, and MC $10, find total fixed cost, total variable cost, total cost and marginal cost.

Expert's answer

"FC=(ATC-AVC)\\times Q=(35-15)\\times500=10000"

"TC=ATC\\times Q=35\\times500=175000"

"C=MC\\times Q=10\\times 500=5000"

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