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5 February, 20:58

Tankao makes earbuds for mobile devices. When Tankao produces 20 sets of earbuds, its average variable cost is $5 per set and its average total cost is $8 per set. Tankao's:

marginal cost is less than $3 per set.

marginal cost is equal to its average fixed cost.

marginal cost is $3 per set.

average fixed cost is $3 per set.

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  1. 5 February, 23:46
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    average fixed cost is $3 per set.

    Explanation:

    From the information given, we can say about the average fixed cost only

    The average total cost is $8 per set and average variable cost is $5 per set - > average fixed cost = $8 - $5 = $3 per set
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