Question: What is average variable cost when quantity is 30,000 (1 mark) What is average fixed cost when quantity is 10,000? (1 mark) What is average

What is average variable cost when quantity is 30,000 (1 mark) What is average fixed cost when quantity is 10,000? (1 mark) What is average fixed cost when quantity is 75,000? (1 mark) Explain the relationship between quantity and average fixed cost. (1 mark) What is the marginal cost of changing production from 10,000 to 20,000 units? (1 mark) If the US manufacturer sells cars to UAE dealers for 4000 $, what is total profit when quantity is 30,000 units? (4 marks)

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