A firm produces 5000 waterproof cellphone cases,which they sell for $30 each.They have $35,000 in fixed costs and $85,000 in total costs every year.What is the average fixed cost?

Name: A firm produces 5000 waterproof cellphone cases,which they sell for $30 each.They have $35,000 in fixed costs and $85,000 in total costs every year.What is the average fixed cost?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The average fixed cost is calculated by dividing the total fixed costs by the number of units produced. So, $35,000 / 5,000 = $7.

A Firm Produces 5000 Waterproof Cellphone Cases,which They Sell for $30