Asked by Elya

the fixed costs of producing a wild widget are $34000. the variable costs are $5.00 per widget. what is the average cost per widget of 7000 wild widgets? round to the nearest tenths.
Answered by Steve
Generally variable costs are expressed as some function of the number of widgets. If the variable costs are just $5.00, then they don't vary, and the cost per widget is just $34005.00, regardless of how many are made.

Got some more info?