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Suppose that for 10 bicycles, the total fixed cost is $100 and total variable cost is $300. Then the average fixed cost and average variable cost are:
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2 votes
2 votes
Suppose that for 10 bicycles, the total fixed cost is $100 and total variable cost is $300. Then the average fixed cost and average variable cost are:

User Laurynas Lazauskas
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1 Answer

7 votes
7 votes

The price one bicycle is $21

Step-by-step explanation:

because 100รท10=0.1

and the total is 300$

300-100=20

20+0.1=20

answer is 21

User Divanov
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2.4k points
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