ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the total product of worker number 5 had been 95, what would the variable cost have been?
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360
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450
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500
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540
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Explanation:
Detailed explanation-1: -Variable Cost Formula. To calculate variable costs, multiply what it costs to make one unit of your product by the total number of products you’ve created. This formula looks like this: Total Variable Costs = Cost Per Unit x Total Number of Units.
Detailed explanation-2: -The average variable cost at 5 units of output is ₹40.
Detailed explanation-3: -Average Variable Cost (AVC)= VC/Q Where, VC is the Variable Cost, Q is the quantity of output produced.
Detailed explanation-4: -Total Cost = $10, 000 + $5 * $3, 000. Total Cost = $25, 000.
There is 1 question to complete.