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24 March, 17:38

At its current short-run level of production, a firm's average variable costs equal $30.00 per unit, & its average fixed costs equal $25.00 per unit. Its total costs at this production level equal $3,500. 1. What is the firm's output level?

2. What are its total variable costs at this output level?

3. What are its total fixed costs?

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  1. 24 March, 20:40
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    Answer: firm output level = $63.6

    Total variable cost = $1650

    Total fixed cost = $1250

    Explanation:

    ATC = TC/Q, Q = $3500/55 = $63.6

    TVC = $30x 55=$1650

    TFC = $25x 55 = $1250
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Home » Business » At its current short-run level of production, a firm's average variable costs equal $30.00 per unit, & its average fixed costs equal $25.00 per unit. Its total costs at this production level equal $3,500. 1. What is the firm's output level? 2.
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