I am lost with this please help
Question Description
I need to find the marginal cost (MC), average cost (AC), AFC, AVC and ATC. I am only given the Rate of Output and Total cost. How do I get the Average fixed cost Iif I have no idea what the fixed cost actually are.
Question Description
I need to find the marginal cost (MC), average cost (AC), AFC, AVC and ATC. I am only given the Rate of Output and Total cost. How do I get the Average fixed cost Iif I have no idea what the fixed cost actually are.