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In the short run, if average variable costs equal $60, average total costs equal $70, and output equals 100, the total fixed costs should equal.

Sagot :

The total fixed cost should equal $1000.

What is the total fixed cost?

The first step is to determine the average fixed cost. The average fixed cost can be determined by subtracting the average variable costs from average total costs.

$70 - $60 = $10

Total fixed cost is the product of average fixed cost and output

100 x $10 = $1000

To learn more about cost, please check: https://brainly.com/question/26502221

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