A firm currently produces 1000 units of output and has total costs of $15,000 and fixed cost of $3,000. What is the firm’s average variable costs?

asked Jan 15, 2022 111k views

5 votes

by Minji

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3 votes

Step-by-step explanation:

Explanation: The formula is ATC = AFC + AVC. Use this formula. It will be useful for you

Hoda answered Jan 19, 2022

by Hoda

8.1k points

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