Answer to Question #67739 in Economics of Enterprise for Kabelo

Question #67739
Suppose a firm produces 20 units of output per month and has a total variable cost of R3 000 per month. If its average fixed costs are R400 per month, what are its total costs per month?
1
Expert's answer
2017-04-25T01:56:07-0400
TC=3000+20*400=11000

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