Engineering, 16.05.2020 22:57 bando187
At its current short-run level of production, a firm’s average variable costs equal $20 per unit, and its average fixed costs equal $30 per unit. Its total costs at this production level equal $2,500. a. What is the firm’s current output level? b. What are its total variable costs at this output level? c. What are its total fixed costs?
Answers: 2
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At its current short-run level of production, a firm’s average variable costs equal $20 per unit, an...
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