Answer to Question #71648 in Microeconomics for hareemrashid

Question #71648

The average total cost to produce 200 cookies is Rs.0.50. per cookie.The marginal cost is constant at Rs.0.10. for all cookies produced.Refer to this scenario,the total cost to produced 200 cookies is

Expert's answer

Total cost to produce 200 cookies is
200*0.50= Rs.100

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