Average Total Cost Is $100 for a Given Output, Total

question 65

Essay

Average total cost is $100 for a given output, total fixed cost is 120 and average variable cost is 70. What is the quantity being produced?

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Definitions:

ATM Card

An ATM card is a plastic card issued by a bank or financial institution, enabling the cardholder to deposit, withdraw, or transfer funds through an Automated Teller Machine.

Notify

To inform or give notice to someone about specific information or an event.

Forgery

The process of making, adapting, or imitating objects, statistics, or documents with the intent to deceive.

Bank Statement

A document or electronic record issued by a bank detailing the transactions in a customer's account over a specific period.