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Given the Table Below,what Is Average Fixed Cost When 300

Question 45

Multiple Choice

Given the table below,what is average fixed cost when 300 units of output are produced?  Output 100200300400 Total Cost 560TotalFixedCost Total  Variable  Cost 60AverageFixedCostAverageVariableCost4.00AverageTotalCost7.00MarginalCost4.00\begin{array}{c}\begin{array}{c}\\\\\text { Output } \\\hline 100 \\200 \\300 \\400 \end{array}\begin{array}{c}\\\text { Total}\\\text { Cost }\\\hline 560\\-\\-\\-\end{array}\begin{array}{c}\text {Total}\\\text {Fixed}\\\text {Cost}\\\hline-\\-\\-\\-\end{array}\begin{array}{c}\text { Total } \\\text { Variable } \\\text { Cost } \\\hline 60\\-\\-\\- \end{array}\begin{array}{lll}\text {Average}\\\text {Fixed}\\\text {Cost}\\\hline -\\-\\-\\-\end{array}\begin{array}{c}\text {Average}\\\text {Variable}\\\text {Cost}\\\hline-\\-\\4.00\\-\end{array}\begin{array}{c}\text {Average}\\\text {Total}\\\text {Cost}\\\hline-\\-\\-\\7.00\end{array}\begin{array}{c}\\\text {Marginal}\\\text {Cost}\\\hline-\\4.00\\-\\-\end{array}\end{array}


A) $0.60
B) $3.00
C) $160
D) $500
E) none of the above

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