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economics of enterprise task

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suppose a firm produces 20 units of output per month and has a total variable cost of R3 000 per month. if
its average fixed costs are R400 per month, what are its total costs per month?
asked Jul 12, 2017 in Economics by steve

1 Answer

0 votes
Total cost per month is equal to sum of fixed and variable costs
Variable costs per month are R 3 000
Fixed costs per month are R400 (its not per unit, its per month!)
Total costs are 3 000+400=R3 400
answered Jul 12, 2017 by admin (2,270 points)