(Answered) 1 a firm produces 100 computers its total costs are 80000

Economics

1. A firm produces 100 computers. Its total costs are $80,000 of which fixed costs are $30,000. What are its:

a. Average Fixed Costs

b. Average Variable Costs

c. Average Total Costs

d. When it produces another computer its total costs rise to $80,700. What is the marginal cost of the 101^stcomputer?

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Business Economics, Economics

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