Hildas Handbags Inc. is incurring total costs of production in the short run of $30 000 per
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Hilda’s Handbags Inc. is incurring total costs of production in the short run of $30 000 per day. The firm’s average variable cost equals $100 per unit and its average fixed cost equals $50 per unit.
a. How many units is the firm producing per day?
b. What are the firm’s total variable costs at this output level?
c. What are the firm’s total fixed costs at this output level?
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a The firms average total cost is given by the sum of av...View the full answer
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