Question

a firm producing 7 units of output has an average total cost of 150and has to pay 350 to its fixed factor of producing wheather it produce or not how much of the average total cost is made up of variable cost​

Answer 1

Answer:

tota l cost =150+350=500

number of units=7

so,the variable cost in 1 unit=500/7=71.428571429

Answer 2

Answer:

TFC + TVC=TC

350+TVC=1050

TVC=1050-350

TVC=700/7

TVC=100