Rs 100 of the average total cost is made up of variable costs.
Step-by-step explanation:
Given:
Number of output the firm produces= 7 units
Average cost of the output= Rs. 150
fixed factors of production = Rs.350
To Find:
How much of the average total cost is made up of variable costs=?
Solution:
we know that,
Average total cost= total cost/ number of output units produced
substituting the values, we get
Total cost= 1050
we know that Total fixed cost = 350
Total cost = Total fixed cost + Total variable cost
plug in the known values.
1050= 350 + Total variable cost
Total variable cost = 1050-350
Total variable cost =700
For 7th unit 
= 100
Answer:
Step-by-step explanation:
Answer:
-1/3
Step-by-step explanation:
slope= 
<u>Answer:</u>
<u>Step-by-step explanation:</u>
<em>Rule: An absolute value will always be positive. </em>
<em>=> Referring to the rule, the absolute value of |–3.25| is 3.25.</em>
Hoped this helped.
Answer:
the principal and the amount is 1,800 and 13,800 respectively
Step-by-step explanation:
The computation of the simple interest and amount for the end of the 3rd year is shown below:
Simple interest is
= Principal × rate of interest × time period
= 12,000 × 5% × 3 years
= 1,800
Now the amount is
= 12,000 + 1,800
= 13,800
hence, the principal and the amount is 1,800 and 13,800 respectively
