Practice question · Estimate
A firm has and produces 50 units. Estimate AFC.
Estimate on a scale from 0 to 20.
Hints
- Divide the fixed cost by the number of units.
- The arithmetic is a single clean division.
Show the answer
10 (answers within ±1 count)
Why
. Simple division, fixed costs spread over 50 units.
Practise Production and Costs
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