The earnings for flour sales at a convenience store is given below. If Mark produces four bags of flour, his average fixed costs are Number of Earnings TVC MC AVC TFC TC AFC ATC о 100 1 1235 4 270 a. 100 ○ b. 20 ○ c. 25 O d. 30 50 95 46.67 300
The earnings for flour sales at a convenience store is given below. If Mark produces four bags of flour, his average fixed costs are Number of Earnings TVC MC AVC TFC TC AFC ATC о 100 1 1235 4 270 a. 100 ○ b. 20 ○ c. 25 O d. 30 50 95 46.67 300
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Transcribed Image Text:The earnings for flour sales at a convenience store is
given below. If Mark produces four bags of flour, his
average fixed costs are
Number of
Earnings
TVC MC AVC TFC
TC AFC ATC
о
100
1
1235
4
270
a. 100
○ b. 20
○ c. 25
O d. 30
50
95
46.67
300
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