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The total cost of producing 15 tons of butter is $35000. If average variable cost is $530, then what is the firm's average fixed cost? (enter answer as just a number, no commas, dollar signs, or the like)

Respuesta :

Answer:

$1803.33

Explanation:

average total cost = average variable cost + average fixed cost

average total cost = total cost / quantity = $35000  / 15 = $2,333.33

average fixed cost = $2,333.33 -  $530 = $1803.33

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