Economics · Oct / Nov 2025 · Paper 12 · Question 15
2281Firms’ costs, revenue and objectives
When it produces 100 units, a firm's total variable cost is $300 and its total fixed cost is $2700. What is the average total cost?
- A$3
- B$24
- C$27
- D$30
As printed in the paper
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Correct answer: D. $30
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