If AFC is $9 at a quantity of output of 100 units,and ATC is $11 at the same quantity of output,it follows that

Name: If AFC is $9 at a quantity of output of 100 units,and ATC is $11 at the same quantity of output,it follows that
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Quizplus · Accepted Answer

AFC (Average Fixed Cost) is $9, so Total Fixed Cost (TFC) is $9 * 100 = $900. ATC (Average Total Cost) is $11, so Total Cost (TC) is $11 * 100 = $1,100. AVC (Average Variable Cost) is ATC - AFC = $11 - $9 = $2. Therefore, none of the given options are correct.

If AFC Is $9 at a Quantity of Output of 100