The average total cost of producing electronic calculators in a factory is $26 at the current output level of 200 units per week. If the fixed cost is $715 per week, then what is the firms variable cost?

The average total cost of producing electronic calculators in a factory is $26 at the current output level of 200 units per week. If the fixed cost is $715 per week, then what is the firms variable cost?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Definition Definition Total cost of producing a certain quantity of a good, divided by the quantity produced. It is the sum of all costs (fixed and variable) required to produce one unit of output.

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