Question

From the following data on the cost of production of a firm , calculate

Average fixed cost ,Average variable cost of production for four units and the marginal cost of the fourth unit.

Answer 1

Answer:

The standard form for linear equations in two variables is Ax+By=C. For example, 2x+3y=5 is a linear equation in standard form. When an equation is given in this form, it's pretty easy to find both intercepts (x and y). This form is also very useful when solving systems of two linear equations.