Answer to Question #67715 in Economics of Enterprise for Ntombi

Question #67715
Suppose a firm produces 20 units of output per month and has a total variable cost of R3000 per month.If its average fixed cost are R400 per month what are its total cost per month?
1
Expert's answer
2017-04-26T10:55:07-0400
TC=3000+20*400=11000

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