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Answer to Question #146950 in Economics for Kubra
Question #146950
if you know that with 8 units of output, avarage fixed cost is 12.50 dollar and avarage variable cost is 81.25 dollar then what is the total cost at this output level?
Expert's answer
If you know that with 8 units of output, avarage fixed cost is 12.50 dollar and avarage variable cost is 81.25 dollar, then the total cost at this output level is:
"TC = (AFC + AVC)*Q = (12.5 + 81.25)*8 = 750."
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