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Homework answers / question archive / A firm is operating with a total variable cost of RsRs is 500 when 5 units of the given output are produced and the total fixed cost is RsisRsis 200
A firm is operating with a total variable cost of RsRs is 500 when 5 units of the given output are produced and the total fixed cost is RsisRsis 200. What will be the average total cost of producing 5 units of output?
Total variable cost = Rs.500
Total fixed cost = Rs.200
Total cost = Rs.700
Out produced = 5 units
Average total cost = TCQ=7005=Rs.140
