A firm producing 7 units of output has an Average Total Cost of Rs. 15 – InterviewSolution

1.	A firm producing 7 units of output has an Average Total Cost of Rs. 150 and has to pay Rs. 350 to its fixed factors of production whether it produces or not. How much of the Average Total Cost is made up of Variable Costs? (a) Rs. 200 (b) Rs.50 (c) Rs. 300 (d) Rs. 100
Answer» Correct answer is (d) Rs. 100

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