Question

Question
Average total cost (short-run average cost ,SAC)) is the sum of
the
O Total fixed cost and Total Variable cost
Total variable cost and Average fixed cost
Average variable cost and average fixed cost
Total fixed cost and average fixed cost
Total fixed cost and average variable cost​

Answer 1

Answer:

Short Run Average Costs

Short Run Average CostsWhile the total cost of production helps firms understand the overall expenses incurred, the average costs help identify the expenditures involved in manufacturing a single unit. In this article, we will look at the short run average costs and marginal costs of production.

Short Run Average CostsWhile the total cost of production helps firms understand the overall expenses incurred, the average costs help identify the expenditures involved in manufacturing a single unit. In this article, we will look at the short run average costs and marginal costs of production.Short Run Average Costs

Short Run Average CostsWhile the total cost of production helps firms understand the overall expenses incurred, the average costs help identify the expenditures involved in manufacturing a single unit. In this article, we will look at the short run average costs and marginal costs of production.Short Run Average Costs1. Average Fixed Cost (AFC)

Short Run Average CostsWhile the total cost of production helps firms understand the overall expenses incurred, the average costs help identify the expenditures involved in manufacturing a single unit. In this article, we will look at the short run average costs and marginal costs of production.Short Run Average Costs1. Average Fixed Cost (AFC)The average fixed cost is the total fixed cost divided by the number of units produced. Hence, if TFC is the total fixed cost and Q is the number of units produced, then

Short Run Average CostsWhile the total cost of production helps firms understand the overall expenses incurred, the average costs help identify the expenditures involved in manufacturing a single unit. In this article, we will look at the short run average costs and marginal costs of production.Short Run Average Costs1. Average Fixed Cost (AFC)The average fixed cost is the total fixed cost divided by the number of units produced. Hence, if TFC is the total fixed cost and Q is the number of units produced, thenTherefore, AFC is the fixed cost per unit of output.

Short Run Average CostsWhile the total cost of production helps firms understand the overall expenses incurred, the average costs help identify the expenditures involved in manufacturing a single unit. In this article, we will look at the short run average costs and marginal costs of production.Short Run Average Costs1. Average Fixed Cost (AFC)The average fixed cost is the total fixed cost divided by the number of units produced. Hence, if TFC is the total fixed cost and Q is the number of units produced, thenTherefore, AFC is the fixed cost per unit of output.Example: The TFC of a firm is Rs. 2,000. If the output is 100 units, the average fixed cost

Short Run Average CostsWhile the total cost of production helps firms understand the overall expenses incurred, the average costs help identify the expenditures involved in manufacturing a single unit. In this article, we will look at the short run average costs and marginal costs of production.Short Run Average Costs1. Average Fixed Cost (AFC)The average fixed cost is the total fixed cost divided by the number of units produced. Hence, if TFC is the total fixed cost and Q is the number of units produced, thenTherefore, AFC is the fixed cost per unit of output.Example: The TFC of a firm is Rs. 2,000. If the output is 100 units, the average fixed cost If the output is increased to 200 units, then

Short Run Average CostsWhile the total cost of production helps firms understand the overall expenses incurred, the average costs help identify the expenditures involved in manufacturing a single unit. In this article, we will look at the short run average costs and marginal costs of production.Short Run Average Costs1. Average Fixed Cost (AFC)The average fixed cost is the total fixed cost divided by the number of units produced. Hence, if TFC is the total fixed cost and Q is the number of units produced, thenTherefore, AFC is the fixed cost per unit of output.Example: The TFC of a firm is Rs. 2,000. If the output is 100 units, the average fixed cost If the output is increased to 200 units, thenSince TFC is constant, any increase in output decreases the AFC. Note that, while the AFC can become really small, it is never zero.

Answer 2

Answer:

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