What a th lowest value of the range of the function shown on the graph
2 answers:
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Answer:
graph of exponential rising up to the right, through the point 0, negative 2
Step-by-step explanation:
I graphed the function on the graph below so you can see that it rises to the right and goes through the point (0,-2).
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