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Assume that in the short run a firm is producing 100 units of output, has average total costs of $200, and has average variable costs of $150. The firm's total fixed costs are?
Assume that in the short run a firm is producing 100 units of output, has average total costs of $200, and has average variable costs of $150. The firm's total fixed costs are?
Vaishali YadavLv10
4 Sep 2020
Related textbook solutions
Related questions
At the short-run break-even point, the perfectly competitive firm is producing how many units of output at the market price of 150$? Furthermore how many units of output will the firm produce to maximize profit in the short run? Specify the amount of economic profit or loss for the firm
| Output (Q) | Total Fixed Costs (TFC) ($) |
Total Variable Costs (TVC) ($) |
| 1 | 100 | 120 |
| 2 | 100 | 200 |
| 3 | 100 | 290 |
| 4 | 100 | 430 |
| 5 | 100 | 590 |
