Refer to Exhibit. How much are average fixed costs (in dollars) at 4 units of output?

Name: Refer to Exhibit. How much are average fixed costs (in dollars) at 4 units of output?
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Quizplus · Accepted Answer

Average fixed costs are calculated by dividing total fixed costs by the number of units produced. If the total fixed costs are $40, then at 4 units of output, the average fixed cost is $40/4 = $10.