4. The average variable costs of a company are equal to $20 per unit produced at its current level of output in the short run. Its average fixed costs are equal to $30 per unit produced. The total costs at this output level are equal to $2,500. What is the company's current output level? What are the total variable costs at this output level? What are the total fixed costs? productivity alo
4. The average variable costs of a company are equal to $20 per unit produced at its current level of output in the short run. Its average fixed costs are equal to $30 per unit produced. The total costs at this output level are equal to $2,500. What is the company's current output level? What are the total variable costs at this output level? What are the total fixed costs? productivity alo
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 5CQQ
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Question
![4. The average variable costs of a company are equal to $20 per unit produced at its current level
of output in the short run. Its average fixed costs are equal to $30 per unit produced. The total
costs at this output level are equal to $2,500.
What is the company's current output level?
What are the total variable costs at this output level?
What are the total fixed costs?
productivity alo](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdb490efd-c948-49f9-bdf0-f10e7942cbf4%2F5e11196e-4d33-46ac-adbc-5b9260665401%2Felvlo4w.jpeg&w=3840&q=75)
Transcribed Image Text:4. The average variable costs of a company are equal to $20 per unit produced at its current level
of output in the short run. Its average fixed costs are equal to $30 per unit produced. The total
costs at this output level are equal to $2,500.
What is the company's current output level?
What are the total variable costs at this output level?
What are the total fixed costs?
productivity alo
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