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If total costs are $650 and fixed cost is 0, what are average variable costs, if production is 10 units?

If total costs are $650 and fixed cost is 0, what are average variable costs, if production is 10 units?
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If total costs are $650 and fixed cost is 0, what are average variable costs, if production is 10 units?

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User Wizetux
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1 Answer

7 votes
Total cost = fixed cost + variable cost
650 = 0 + VC
VC = 650
AVC = VC/quantity = 650/10 = 65
Average Variable cost = $65
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User Ford Prefect
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8.1k points
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