he fixed and variable costs to produce an item are given along with the price at which an item is sold. Fixed cost: $4306 Variable cost per item: $11.60 Price at which the item is sold: $11.80

Answer 1

TC=VC+FC = 11.6q +4306

ATC = 11.8 =TC/q = 11.6 +4306/q

4306/q = 11.8-11.6 = 0.2

q = 4306/.2 = 21,530 units sold