Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow

Figure 8.5
-Refer to Figure 8.4. Micro Oven's average fixed costs of producing 10 units of output are
A) $30.
B) $40.
C) $50.
D) indeterminate from this information.

Question

Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow

Figure 8.5
-Refer to Figure 8.4. Micro Oven's average fixed costs of producing 10 units of output are
A) $30. 
B) $40. 
C) $50. 
D) indeterminate from this information.

Quizplus · Accepted Answer

Average fixed cost = Total fixed cost / Number of units produced= $300 / 10 units= $30 per unit

Refer to the Short-Run Information Provided in Figure 8