Question: If total fixed costs are $ 2 0 0 , 0 0 0 and total variable costs are $ 1 0 0 , 0 0
If total fixed costs are $ and total variable costs are $ at the output of units, what are the probable total fixed costs and total variable costs at anoutput of units? What are the average fixed costs, average variable costs, and average costs at these two output levels? Explain what additional information you would want in order to determine what price should be charged.
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