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12 September, 14:53

If total costs are $650 and fixed cost is 0, what are average variable costs, if production is 10 units?

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  1. 12 September, 15:09
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    Total cost = fixed cost + variable cost

    650 = 0 + VC

    VC = 650

    AVC = VC/quantity = 650/10 = 65

    Average Variable cost = $65
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