View the step-by-step solution to:

A firm produces 100 computers. Its total costs are $80,000 of which fixed costs are $30,000. What are its: Average Fixed Costs b. Average Variable...

1.   A firm produces 100 computers. Its total costs are $80,000 of which fixed costs are $30,000. What are its:

a.   Average Fixed Costs

b.   Average Variable Costs

c.    Average Total Costs

d.   When it produces another computer its total costs rise to $80,700. What is the marginal cost of the 101st computer?

Top Answer

a.    Average Fixed Costs 30000/100 = 300 b.    Average... View the full answer

Sign up to view the full answer

Other Answers

A. Average fixed cost = total fixed cost / total units =30000/100 =300 B. Average Variable =... View the full answer

a. Average Fixed Costs (AFC) = $300 b. Average... View the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online