A firm produces a total output of 53,500 units. Fixed costs are $122,000 and variable costs...

Question

Question

A firm produces a total output of 53,500 units. Fixed costs are $122,000 and variable costs are $429,000. Average variable costs?

business economics

Answer 1

Answer #1

Average variable Costs are the per unit variable costs of a product.

Average variable Costs=Variable Costs/Number of Units=429000/53500=8.018691589

Answer 2

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