Economics 0455 · IGCSE · Firms’ costs, revenue and objectives

Firms’ costs, revenue and objectives — practice question

The table gives a firm's costs. Variable cost for each good = $\$2$ Fixed cost = $\$40$ What is the average total cost when the firm makes $20$ goods?

  • A$\$1$
  • B$\$2$
  • C$\$4$
  • D$\$80$

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