A firm producing 7 units of output has an Average Total Cost of ₹ 150 and has to pay ₹ 350 to its fixed factors of production whether it produces or not. How much of the Average Total Cost is made up of Variable Costs?
(a) ₹ 200
(b) ₹ 50
(c) ₹ 300
(d) ₹ 100
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Explanation:
A firm producing 7 units of output has an Average Total Cost of ₹ 150 and has to pay ₹ 350 to its fixed factors of production whether it produces or not. How much of the Average Total Cost is made up of Variable Costs?
(a) ₹ 200
(b) ₹ 50✔️✔️
(c) ₹ 300
(d) ₹ 100
Answered by
1
A firm producing 7 units of output has an Average Total Cost of ₹ 150 and has to pay ₹ 350 to its fixed factors of production whether it produces or not. How much of the Average Total Cost is made up of Variable Costs?
(a) ₹ 200
(b) ₹ 50
(c) ₹ 300
(d) ₹ 100
Answer → (B) ₹ 50
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