If variable costs for a firm are $800, the average total costs are $6, and the firm sells 175 units, what are the firm's fixed costs

Fixed costs= $250

Explanation:

Giving the following information:

Total variable costs= $800

Average total costs= $6

The firm sells 175 units.

First, we need to calculate the total cost:

Total cost= 175*6= $1,050

Now, the fixed costs:

Fixed costs= total cost - total variable cost

Fixed costs= 1,050 - 800

Fixed costs= $250

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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