Friday
October 24, 2014

Homework Help: micro economics

Posted by tina on Sunday, November 4, 2007 at 6:18pm.

Consider a firm that has a fixed cost of $60 a minute.

output=1, Variable Cost= $10 what is the fixed cost?, Total Cost? Marginal cost?, AFC?, AVC? and ATC?

Output is 2?

Can't quite figue it out... thanks

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

economics - For the total variable cost (TVC), draw a positive total fixed cost...
Economics - Theory of the Firm - If Average Variable Cost AVC = 10 + Q and P = ...
Economics - 5. A firm's marginal cost of production is constant at $5 per unit, ...
economics - Output Fixed Cost Variable Cost 1 $5 $10 2 $5 $27 3 $5 $55 4 $5 $91 ...
economics - A firm has fixed costs of $30.00 and variable costs as indicated in ...
Economics - The accompanying table shows a car manufacturer’s total cost of ...
Economics - Suppose that a firm is currently employing 30 workers, the only ...
Economics - Suppose that a firm is currently employing 30 workers, the only ...
Economics - 1. The law of diminishing returns implies that at some output level...
Managerial Economics - Suppose that a firm is currently employing 10 workers, ...

Search
Members