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A firm currently produces 1000 units of output and has total costs of $15,000 and fixed cost of $3,000. What is the firm’s average variable costs?

A firm currently produces 1000 units of output and has total costs of $15,000 and fixed cost of $3,000. What is the firm’s average variable costs?
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A firm currently produces 1000 units of output and has total costs of $15,000 and fixed cost of $3,000. What is the firm’s average variable costs?

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User Minji
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1 Answer

3 votes

Step-by-step explanation:

Explanation: The formula is ATC = AFC + AVC. Use this formula. It will be useful for you

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User Hoda
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