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Vasavi srinivas
on Oct 25, 2024

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Carolyn knows average total cost and average variable cost for a given level of output. Which of the following costs can she not determine given this information?

A) Total cost
B) Average fixed cost
C) Fixed cost
D) Variable cost
E) Carolyn can determine all of the above costs given the information provided.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the cost per unit of output.

Average Variable Cost

Average variable cost is the total variable cost divided by the quantity of output produced, indicating the variable cost of producing each unit of output.

Fixed Cost

Costs that do not change with the level of output or sales, such as rent, salaries, and loan payments.

  • Recognize and work out average, marginal, enduring fixed, and mutable variable costs.
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marielis mateoOct 29, 2024
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