A firm produces 5000 waterproof cellphone cases,which they sell for $30 each.They have $35,000 in fixed costs and $85,000 in total costs every year.What is the average variable cost?
A) $7
B) $10
C) $17
D) $24
E) $27
Correct Answer:
Verified
Q100: Exhibit 7.1 Q101: Table 7.6 Q102: Table 7.6 Q103: A firm produces 5000 waterproof cellphone cases,which Q104: Table 7.6 Q106: If variable cost at each output level Q107: If variable cost rises from $60 to Q108: If labor is a firm's only variable Q109: A firm produces 5000 waterproof cellphone cases,which Q110: Table 7.6 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
