Question

Whenever price is ______ average variable costs but is ______ average total costs, the firm can pay part, but not all, its fixed costs by producing.

Answer 1

Whenever price is exceed average variable costs but is less than average total costs, the firm can pay part, but not all, its fixed costs by producing.

What is price?

Price is the money paid for a service rendered or goods and services bought.

The price of a goods is determined by the number of goods or the type of an item.

Therefore, Whenever price is exceed average variable costs but is less than average total costs, the firm can pay part, but not all, its fixed costs by producing.

Learn more on price of goods here,

brainly.com/question/25638609