ECONOMICS
PROFIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$100
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$1
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$300
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$50
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Detailed explanation-1: -Question Answer-Option C-$100 Total fixed cost = total cost-total… Transcribed image text: A firm is producing 100 units of output at a total cost of $400. The firm’s average variable cost is $3 per unit.
Detailed explanation-2: -Answer and Explanation: The correct answer is option c. 800 units.
Detailed explanation-3: -For this example, this formula is as follows: 100 x 37 = 3, 700. This means that the total variable cost required to produce 100 units is $3, 700.
Detailed explanation-4: -When output is 100 units, the firm’s total fixed cost is $500. What will this firm’s total fixed cost be if output doubles to 200 units? $300. economies of scale.
Detailed explanation-5: -TC= Rs. 330. Was this answer helpful?