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
Bibby
m=y2−y1x2−x1=15−75−1=84=2y−y1=m(x−x1)⟺(x1,y1)=(1,7)y−7=2(x−1)y−7=2x−2y=2x−2+7 y=2x+5
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Answer:
- 2
Step-by-step explanation:
3 ( x + 5 ) = 9
x + 5 = 9 / 3
x + 5 = 3
x = 3 - 5
x = - 2