curves). The diagram need not be to scale. 2. The following data show the total output...

Question

Question

Answer 1

Answer #1

a) fixed cost = rK = 10*10= 100

Average fixed cost = 100/25= 4

b) average variable cost at Q= 305 is wL = 25*5= 125

c) average total cost = 25*3 + 10*10= 175

Answer 2

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