The average total cost of producing laptop computers in a factory is $500 at the current output level of 100 units per week.If fixed costs equal $10,000:
A) average fixed cost equals $10,000.
B) total cost equals $60,000 per week.
C) variable cost equals $50,000 per week.
D) average variable cost equals $400.
Correct Answer:
Verified
Q74: Total variable costs:
A) are costs associated with
Q82: A firm is producing 1,000 units of
Q84: You operate a factory that produces beach
Q85: If average fixed cost and average variable
Q86: Average fixed cost:
A) remains unchanged as output
Q90: If total cost increases as output increases,
Q91: A firm is producing 200 units of
Q93: Average fixed cost is:
A) total cost divided
Q116: If average total cost equals $15 at
Q166: Assuming fixed costs are positive,over a range
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