what is the average variable cost per unit of production when the firm produces 90 lanterns??

Short-Run Costs (Part 1)- Micro Topic 3.2

Variable costs are the sum of all labor and materials required to produce a unit of your product. Your total variable cost is equal to the variable cost per unit, multiplied by the number of units produced. Your average variable cost is equal to your total variable cost, divided by the number of units produced.

Relationships between a Firm’s Short-run Costs of Production

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