The average total cost for a firm is constant and equal to 20. The firm is...
The average total cost for a firm is constant and equal to 20. The firm is currently producing 10 units. Which one of the following is correct?
A. the marginal cost is 20
B. the total fixed cost is 200
C. the average fixed cost is 20
D. the total variable cost is 20
Homework Answers
Ans: A ) the marginal cost is 20
Explanation:
When average total cost is constant then the marginal cost will remain constant.It is because there is no fixed cost.
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