Question

if a firm produces 20 units of output and incurs a total cost of $1,000and the variable cost is$7,00,calculate the firm's average fixed cost of production if it expands output to 25 units​
a. $ 300
b. $12
c. $ 15
d. it is impossible to determine without additional information
​

Answer 1

I am not an Economics expert but I think the answer is option (d) according to the information provided.

Hope this helps!!

Answer 2

Answer:

option d is the answer.

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