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.
1
Expert's answer
2019-02-24T14:38:08-0500

Fixed cost=15*30=R450

Total variable cost=750-450=R300

Average variable cost=300/30=R10

2.R10



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