With total cost in dollars and output in tonnes, we have the following numerical values, with...

Question

Question

With total cost in dollars and output in tonnes, we have the following numerical values, with the units omitted, for a partic

business economics

Answer 1

Answer #1

Answer

average fixed cost =average total cost - average variable cost =100-70=30

total fixed cost =Q*average fixed cost

120=Q*30

Q=120/30=4 units

4 units are being produced

Answer 2

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