A Chinese company has total fixed costs amounting to 1000 Yuan. Its average variable cost is 10 Yuan, while its average total cost is 15 Yuan. What is the firm’s output?
- A10 units
- B66 units
- C200 units
- D5000 units
Economics 9708 · AS & A Level · 7.5
Economics 9708 · AS & A Level · 7.5
A Chinese company has total fixed costs amounting to 1000 Yuan. Its average variable cost is 10 Yuan, while its average total cost is 15 Yuan. What is the firm’s output?