Homework Answers
5.
Given,
Total fixed cost = $20,000
Total variable cost = $10,000
Total cost of producing 2 automobiles = $30,000
Therefore, Average Total cost for producing = $30,000 / 2 = $15,000 per automobile.
6.
Cost of another new vehicle = $18,000
So, total cost of production = $ 30,000 + $18,000 = $48,000
Therefore, the new average cost of production is = $48,000 / 3 = $16,000 per automobile.
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