Economics
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2011
A firm's average fixed cost is Rs.20 at 6 units of output what will be at 4 units of output?
03 November 2011
AFC is Rs 20
Output is 6 units
hence TFC = 20 * 6 = 120
If output is 4 unit
Then AFC will be - 120 / 4 = Rs 30/-
regards
Output is 6 units
hence TFC = 20 * 6 = 120
If output is 4 unit
Then AFC will be - 120 / 4 = Rs 30/-
regards
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