LE MC Dollars TH AFC Quantity Refer to the above diagram. At output level Q average...

Question

Question

business economics

Answer 1

Answer #1

Option 4

Average total cost is the sum of average fixed cost and average variable cost. We need to find the difference of ATC and AVC to get AFC.

ATC = AFC+AVC

So, QD = QF+FE

Hence,

QF = QD - FE

Answer 2

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