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Answer to Question #85124 in Microeconomics for Ayanda Lubisi
Question #85124
If the total cost is R750 and the average fixed cost is R15 when 30 units of output are
produced, then the average variable cost at that level of output is …
1. R15.
2. R10.
3. R450.
4. Impossible to determine.
produced, then the average variable cost at that level of output is …
1. R15.
2. R10.
3. R450.
4. Impossible to determine.
Expert's answer
Fixed cost=15*30=R450
Total variable cost=750-450=R300
Average variable cost=300/30=R10
2.R10
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