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-The Table Above Gives Costs at Jan's Bike Shop

Question 174

Multiple Choice

  -The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 64 bikes? A)  $200 B)  $300 C)  $400 D)  $500
-The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 64 bikes?


A) $200
B) $300
C) $400
D) $500

Correct Answer:

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