if Fixed Costs are 46 and Variable costs are 35 at 3 units of output, what...

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if Fixed Costs are 46 and Variable costs are 35 at 3 units of output, what are average total costs? i.e., what are total cost

business economics

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Answer 1

Answer #1

Ans: Average total costs are 27

Explanation:

Total fixed cost = 46

Fixed costs are available even at zero level of output and remain constant throughout the subsequent level of production.

Total variable cost at 3 units of output = 35

At 3 units of output , total cost = Total fixed cost + Total variable cost = 46 + 35 = 81

Average total cost = Total cost / Quantity of output = 81 / 3 = 27

7.Ans: Average variable costs are 11.67

Explanation:

Total variable cost at 3 units of output = 35

Average variable cost at 3 units of output = Total variable cost / Quantity of output = 35 / 3 = 11.67

8.Ans: Average total costs are 19.3

Explanation:

Average fixed cost = 9.7

Average variable cost = 9.6

Average total cost = Average fixed cost + Average variable cost

At 3 units of output , Average total cost = 9.7 + 9.6 = 19.3

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Answer 2

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if Fixed Costs are 46 and Variable costs are 35 at 3 units of output, what...

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