A firm's average total cost is $60, its average variable cost is $30, and its total fixed cost is $600. Its output is
A) 20 units.
B) 30 units.
C) 40 units.
D) 50 units.

Name: A firm's average total cost is $60, its average variable cost is $30, and its total fixed cost is $600. Its output is A) 20 units. B) 30 units. C) 40 units. D) 50 units.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

ATC = AVC + AFC/Q60 = 30 + 600/Q30 = 600/QQ = 20

A Firm's Average Total Cost Is $60, Its Average Variable