Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: Production And Costs
Section21.4: Costs Of Production: Total, Average, Marginal
Problem 1ST
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#6 please
![5) If AVC = 20 & ATC = 25, then what is AFC?
6) If a firm produces 100 units of output and has an average
total cost of $6 then what is their total cost?
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Transcribed Image Text:5) If AVC = 20 & ATC = 25, then what is AFC?
6) If a firm produces 100 units of output and has an average
total cost of $6 then what is their total cost?
%3D
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