mianazaer9aler mianazaer9aler

23-11-2016
Mathematics

contestada

If total costs are $650 and fixed cost is 0, what are average variable costs, if production is 10 units?

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nobillionaireNobley nobillionaireNobley

24-11-2016

Total cost = fixed cost + variable cost
650 = 0 + VC
VC = 650
AVC = VC/quantity = 650/10 = 65
Average Variable cost = $65

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