Answer to Question #277169 in Microeconomics for rufzz

Question #277169

With fixed cost of $450, a firm has average costs of $5 and average variable costs of $3. Its output is __

Expert's answer

Output=fixed costs"\u00f7" (average costs - average variable costs)

="\\frac{\\$450}{\\$5-\\$3}"

"=225" units

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Increase in net capital inflow will increase interest rates in the domestic loanable funds market�
2. What do you understand by the term “closed economy”? For a closed economy show, National saving
3. “Natural resources are the most important determinant of long-term economic growth” – do you
4. You are looking at cost curves. The value associated with the marginal cost(MC) on the graph is high
5. Cold drinks and pizza are complements because they are often enjoyed together. When the price of col
6. Assume that a competitive firm sells it’s output for a price of 16 dollars per unit andproducing q
7. The private marginal benefit for commodity X is given by 10 - X, where X is thenumber of units consu