Multiple Choice
Scenario 13-5
A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the 7,000 staplers, it incurred variable costs of $28,000 and a total cost of $45,000.
-Refer to Scenario 13-5.In producing the 7,000 staplers,the firm's average fixed cost was
A) $1.00
B) $1.32
C) $2.21
D) $2.43
Correct Answer:
Verified
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