Fixed costs and total variable costs


Daily costs for Kelso Manufacturing include $1,000 of fixed costs and total variable costs are show below.

Unit output

10

11

12

13

14

15

Cost

$125

$250

$400

$525

$700

$825

The average total cost at an output level of 11 units is

  1. $113.64
  2. $125.00
  3. $215.91
  4. $250.00

Solution Preview :

Prepared by a verified Expert
Finance Basics: Fixed costs and total variable costs
Reference No:- TGS0679216

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)