Question #85124

If the total cost is R750 and the average fixed cost is R15 when 30 units of output are
produced, then the average variable cost at that level of output is …

1. R15.
2. R10.
3. R450.
4. Impossible to determine.

Expert's answer

Fixed cost=15*30=R450

Total variable cost=750-450=R300

Average variable cost=300/30=R10

2.R10



Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Microeconomics
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult. You can find this expert in "Assignmentexpert.com" with confidence. Exceptional experts! I appreciate your help. God bless you!
Canada #340153 on Dec 2023