Cost schedule

-In the above table, the average fixed cost of producing 15 units of output is
A) $0.50.
B) $2.00.
C) $6.66.
D) $8.66.

Name: Cost schedule -In the above table, the average fixed cost of producing 15 units of output is A) $0.50. B) $2.00. C) $6.66. D) $8.66.
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Question

Cost schedule
 
-In the above table, the average fixed cost of producing 15 units of output is
A) $0.50. 
B) $2.00. 
C) $6.66. 
D) $8.66.

Quizplus · Accepted Answer

The average fixed cost (AFC) is calculated by dividing the total fixed cost (TFC) by the quantity of output. Without the table, we assume TFC is constant. If TFC is $30, then AFC for 15 units is $30/15 = $2.00.

Cost Schedule -In the Above Table, the Average Fixed Cost of Producing