A firm produces 400 units of output at a total cost of $1,200. If total variable costs are $1,000,
A)average fixed cost is 50 cents.
B)average variable cost is $2.
C)average total cost is $2.50.
D)average total cost is 50 cents.

Question

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The Answer of A firm produces 400 units of output at a total cost of $1,200. If total variable costs are $1,000,
A)average fixed cost is 50 cents.
B)average variable cost is $2.
C)average total cost is $2.50.
D)average total cost is 50 cents.

A Firm Produces 400 Units of Output at a Total