Answer on Microeconomics Question for avneel
according to the quantity of a good produced and include inputs such as labor
and raw materials, plus fixed costs, which are independent of the quantity of a
good produced and include inputs (capital) that cannot be varied in the short
term, such as buildings and machinery. Total cost in economics includes the
total opportunity cost of each factor of production as part of its fixed or
Use the fixed cost to multiply the total numbers of output per unit this in
turn gives you the total variable cost per unit produced by x the number
quantity of labor employed.
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