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Refer to the Above Data

Question 87

Multiple Choice

Refer to the above data.The average fixed cost of producing 3 units of output is: A) $8. B) $7.40. C) $5.50. D) $6. Total fixed costs are $24 (i.e. ,costs where output level is zero) .Average fixed costs at 3 units of output is $24/3 = $8. Refer to the above data.The average fixed cost of producing 3 units of output is:


A) $8.
B) $7.40.
C) $5.50.
D) $6.
Total fixed costs are $24 (i.e. ,costs where output level is zero) .Average fixed costs at 3 units of output is $24/3 = $8.

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