Suppose a firm produces 15 units per month and it has a total variable cost (TVC) of R5 000 per month. If its average fi
Posted: Sun Jun 05, 2022 11:58 am
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Suppose a firm produces 15 units per month and it has a total variable cost (TVC) of R5 000 per month. If its average fixed costs (AFC) are R350 per month, what are its total costs per month? R5 000 R350 R5 250 R10 250
Please assist on answering the Suppose a firm produces 15 units per month and it has a total variable cost (TVC) of R5 000 per month. If its average fixed costs (AFC) are R350 per month, what are its total costs per month? R5 000 R350 R5 250 R10 250