A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100. If the firm produce 5 robots in a week. Find the total cost of production and average fixed costs.
A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100. If the firm produce 5 robots in a week. Find the total cost of production and average fixed costs.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 3.7IP
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A firm manufacture robots, for which $10000 machinary is used. The additional per unit cost is $100. If the firm produce 5 robots in a week. Find the total cost of production and average fixed costs.
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