Answered: The total cost of producing 25 tons of…

The total cost of producing 25 tons of butter is 45000. If the average variable cost is $775, then what is the firms average fixed 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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The total cost of producing 25 tons of butter is 45000. If the average variable cost is $775, then what is the firms average fixed cost?

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