Question

3. Firm X manufactures surgical goods. Its normal production is 2,600 units per month at a total cost of 32,000. At full capacity it can manufacture 3,400 units per month at a total cost of 38,000. Calculate (i) average cost per instrument under normal operating conditions; (ii) average variable cost per instrument ; (iii) total fixed cost ; and (iv) average fixed cost under normal operating conditions. ​

Answer 1

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Explanation:

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