October 9, 2015

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

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