DEEWILL8082 DEEWILL8082

24-08-2020
Business

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If you know that when a firm produces 10 units of output, total costs are $1,030 and average fixed costs are $10, then total fixed costs are:

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ewomazinoade ewomazinoade

25-08-2020

Answer:

$100

Explanation:

Total fixed cost is cost that does not vary with output e.g. rent

total fixed cost = average fixed cost x output = $10 x 10 = $100

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