Average varible caost $10 at a quantity of 100, and minmum average cost $15 at a quantity of 200 hamburgers. Fixed cost is $300. What would the average Variable cost be for a quantity of 200?
1
Expert's answer
2012-11-14T08:33:13-0500
AFC = FC/Q AC = AVC + AFC = AVC + FC/Q, AVC = AC - FC/Q = 15 - 300/200 = $13.5
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment