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A firm’s average fixed cost is Rs. 20 at 6 units of output. What will it be at 3 units of output?
  • a)
    Rs. 60
  • b)
    Rs. 30
  • c)
    Rs. 40
  • d)
    Rs. 20
Correct answer is option 'C'. Can you explain this answer?
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A firm’s average fixed cost is Rs. 20 at 6 units of output. What...
Is a business entity that is engaged in commercial, industrial or professional activities. It can be a sole proprietorship, partnership, or a corporation. Firms can be small, medium or large and can operate in various industries such as manufacturing, services, agriculture, technology, finance and many others. The main objective of a firm is to make profits by providing goods or services to customers. Firms can also have social and environmental responsibilities to their stakeholders, such as employees, customers, suppliers, and communities.
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A firm’s average fixed cost is Rs. 20 at 6 units of output. What...
20*6=120 120/3 = 40
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A firm’s average fixed cost is Rs. 20 at 6 units of output. What will it be at 3 units of output?a)Rs. 60b)Rs. 30c)Rs. 40d)Rs. 20Correct answer is option 'C'. Can you explain this answer?
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