If you know that with 8 units of output, average fixed cost is Rs. 12.50 and average variable cost is Rs. 81.25, then total cost at this output level is:
A) rs. 93.75.
B) rs. 97.78.
C) rs. 750.
D) rs. 880.
Correct Answer:
Verified
Q2: Implicit costs are:
A)equal to total fixed costs.
B)comprised
Q3: Suppose a firm sells its product at
Q4: Suppose that a firm produces 200,000 units
Q5: The short run is a time period
Q6: The marginal product of labor curve shows
Q8: The reason the marginal cost curve eventually
Q9: Which of the following statements best describes
Q10: Which of the following statements describes the
Q11: Which of the following statements describes increasing
Q12: Economies of scale exist if:
A)as the amount
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