00:01
So, hearing this question, since fixed costs are constant, since fixed costs, fixed costs are constant, are constant regardless of the output level, regardless, regardless of output level, output level, the probable total fixed cost, the probable, the probable, sorry, the probable total fixed cost, fixed cost of 10 ,000 units, of 10 ,000 units are also, are also $200 ,000.
00:55
Now, now variable costs, on the other hand, vary with output level and therefore the probable total variable cost at an output of 10 ,000 units will be half of the total variable cost at an output of 20 ,000 units.
01:10
Here, variable cost, variable cost is equals to the half of, or output of 10 ,000 units will be half of the total variable cost at an output of 20 ,000 units, which is $50 ,000.
01:30
Now, to calculate the average fixed cost, the average variable cost and average cost at two output levels, the average fixed cost, average fixed cost is, total fixed cost is total fixed cost upon the output level, upon the output level.
01:58
Here, the output level is 10 ,000 units and the average fixed cost is $20 and average variable cost is $5 and the average cost is $25 on the 10 ,000 level...