Solved

What Is Average Fixed Cost

Question 57

Multiple Choice

What is average fixed cost?


A) the price of a fixed factor of production
B) the total cost divided by the number of units produced over a given period
C) the fixed cost divided by the number of units of a fixed input employed over a given period
D) the total fixed cost divided by the number of units produced over a given period

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q52: Which of the following is most likely

Q53: A factory producing CD players finds that

Q54: A factory producing CD players finds that

Q55: FIGURE 7-1
FIGURE 7-1 </p></div><svg width=

Q56: A factory producing motorcycle helmets employs six

Q58: You operate a factory that produces beach

Q59: FIGURE 7-1
FIGURE 7-1 </p></div><svg width=

Q60: How are fixed costs best defined?
A) as

Q61: TABLE 7-5
TABLE 7-5 </p></div><svg width=

Q62: Refer to Table 7-4. What is the

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents