Suppose Guild produces 5, 000 guitars per year.Its average total cost is $90, and its fixed cost is $250, 000.What is its variable cost?
A) $250, 000
B) $450, 000
C) $25, 000
D) $56, 000
E) $200, 000
Correct Answer:
Verified
Q133: Exhibit 7-6 Q134: Total cost is calculated as Q135: Exhibit 7-5 Q136: Total fixed cost divided by the level Q137: iOn a graph of production costs, the Q139: Exhibit 7-6 Q140: Exhibit 7-5 Q141: Which of the following correctly describes the Q142: The marginal cost curve intersects the average Q143: Exhibit 7-8 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)FC + MC
B)FC