Use the following to answer question:
-(Table: Cost Data)Use Table: Cost Data.The average fixed cost of producing 2 purses is:
A)$0.
B)$50.
C)$25.
D)$2.

Question

Use the following to answer question: 
-(Table: Cost Data)Use Table: Cost Data.The average fixed cost of producing 2 purses is:
A)$0. 
B)$50. 
C)$25. 
D)$2.

Quizplus · Accepted Answer

The average fixed cost is calculated by dividing the total fixed cost by the quantity produced. If the total fixed cost is $50 and 2 purses are produced, the average fixed cost is $50/2 = $25.

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