Total fixed cost divided by the amount of output produced is equal to:Multiple choice question.average fixed cost.average variable cost.average total cost.marginal cost.

Under the Marginal cost pricing, the price is determined on the basis of;  A. Fixed cost  B. Variable cost  C. Total cost  D. Average cost

Average fixed cost:Group of answer choicesmay be found for any output by adding average variable cost and average total cost.declines so long as output increases.is intersected by marginal cost at its minimum point.graphs as a U-shaped curve.

(b) (If you would like to, you can do part (c) first and use your answer to (c) to answerthis question.) Find the total cost of producing 32 units of output.(c) Find the total cost, average cost and marginal cost of producing y units of output.Is the average cost increasing or decreasing in y? Is the marginal cost higher or lowerthan the average cost?

Average total cost is very high when a small amount of output is produced becauseGroup of answer choicesaverage variable cost is high.average fixed cost is high.marginal cost is high.marginal product is high.

Total cost is composed of both:Question 10Answera.Fixed costs and variable costs.b.Marginal costs and average costs.c.Explicit costs and implicit costs.d.Accounting costs and economic costs.