Answer to Question #95354 in Economics for Wilson Pilane

Question #95354

Suppose a firm produces 15 units per month and it has a total variable cost of 15000 per month. If its average fixed costs are 350 per month, what are its total costs per month

Expert's answer

TC = FC + VC = AFC×Q + VC = 350×15 + 15,000 = 20,250.

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