Answer to Question #296679 in Economics for amy

Question #296679

Total cost for producing the first unit is Rs. 240 while marginal cost is Rs. 90. What is the average fixed cost?

Expert's answer

If TC(1) = 240 (at Q = 1) and MC = 90, then TC(0) = FC = 240 - 90 = Rs. 150 and AFC1 = 150/1 = Rs. 150.

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. PED and PES with respect to a certain product is – 0.2 and 1.4 if the government impose a unit tax
2. Format for recording transaction into two column cashbook in accounting
3. a. Explain five reasons why we study accountingb. Discuss five characteristics of the use of account
4. suppose that there is an increase in the foreign interest rate. use the IS and LM curves to show wha
5. Explain the realist point of views on the actions taken by World Trade Organization in regulating an
6. what role did the international monetary fund play in resolving the Asian financial crisis in 1997-1
7. From the following receipts and issues of material during the month of January, 2007, preparestores