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?
a. Average Fixed Costs 30000/100 = 300 b. Average... View the full answer
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A. Average fixed cost = total fixed cost / total units =30000/100 =300 B. Average Variable =... View the full answer