Table 8.5
-Refer to Table 8.5.If Sherry produces four pair of earrings,her average fixed costs are

Name: Table 8.5 -Refer to Table 8.5.If Sherry produces four pair of earrings,her average fixed costs are
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Question

Quizplus · Accepted Answer

Average fixed cost is calculated by dividing total fixed costs by the quantity of output. If Sherry's total fixed costs are $100 and she produces four pairs of earrings, her average fixed cost is $100/4 = $25.

Table 8.5 -Refer to Table 8.5.If Sherry Produces Four Pair of Earrings,her