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

Firms’ costs, revenue and objectives — practice question

If a firm makes $200$ units, its total variable cost comes to $\$600$ and its total fixed cost is $\$2000$. What is the average cost at this level of output?

  • A$\$3$
  • B$\$10$
  • C$\$13$
  • D$\$2600$

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