Answer to Question #286326 in Economics for Abby

Question #286326

With fixed cost of ksh 400,000 a firm has an average total cost of ksh 3000 and average variable cost of ksh 2500 find it's output

Expert's answer

Output is:

"Q = FC\/AFC = FC\/(ATC - AVC) = 400,000\/(3000 - 2500) = 800" units.

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