Scenario 12-16
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 12-16.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
Q290: A firm has a fixed cost of
Q292: Marginal cost equals
A)total cost divided by quantity
Q298: The amount by which total cost rises
Q299: The cost of producing an additional unit
Q310: A firm has a fixed cost of
Q311: Scenario 12-15
Farmer Jack is a watermelon farmer.If
Q312: Scenario 12-16
A certain firm produces and sells
Q315: Marginal cost is equal to
A) TC/Q.
B)
Q317: Scenario 12-16
A certain firm produces and sells
Q318: Scenario 12-16
A certain firm produces and sells
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