A competitive firm has estimated its average variable cost function as
Its total fixed cost is $500.
-AVC reaches its minimum at _________ units of output at which AVC = $__________.
The forecasted price is P = $23.60.

Question

A competitive firm has estimated its average variable cost function as
  Its total fixed cost is $500.
-AVC reaches its minimum at _________ units of output at which AVC = $__________.
The forecasted price is P = $23.60.

Quizplus · Accepted Answer

The Answer of A competitive firm has estimated its average variable cost function as
  Its total fixed cost is $500.
-AVC reaches its minimum at _________ units of output at which AVC = $__________.
The forecasted price is P = $23.60.

A Competitive Firm Has Estimated Its Average Variable Cost Function