-Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Cindy produces 20 sweaters per day, what is her average fixed cost of production?
A) $3.00
B) $3.33
C) $8.00
D) $11.00

Question

-Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Cindy produces 20 sweaters per day, what is her average fixed cost of production?
A) $3.00 
B) $3.33 
C) $8.00 
D) $11.00

Quizplus · Accepted Answer

The Answer of 
-Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Cindy produces 20 sweaters per day, what is her average fixed cost of production?
A) $3.00 
B) $3.33 
C) $8.00 
D) $11.00

-Cindy's Sweaters' Production Function Is Shown in the Above Table