Business, 13.08.2020 18:01 gimpypeach

Let's assume that a firm produces 40 products. Its total weekly cost (TC) at this output is $1200. This includes TVC and TFC. We also know that the firm employs 3 part-time workers at a wage cost of $200 per worker per week. This is the firm's only variable cost (TVC). What is the firm's average fixed cost (AFC) at this output

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Let's assume that a firm produces 40 products. Its total weekly cost (TC) at this output is $1200. T...