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The Below Figure Shows the Various Combinations of the Goods

Question 22

Multiple Choice

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3
The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3    -Assume that for 20 bicycles, the total fixed cost is $100 and the total variable cost is $300. Then the average fixed cost and the average variable cost are: A) $5 and $10 respectively. B) $5 and $15 respectively. C) $10 and $15 respectively. D) $15 and $10 respectively. E) $10 and $5 respectively.
-Assume that for 20 bicycles, the total fixed cost is $100 and the total variable cost is $300. Then the average fixed cost and the average variable cost are:


A) $5 and $10 respectively.
B) $5 and $15 respectively.
C) $10 and $15 respectively.
D) $15 and $10 respectively.
E) $10 and $5 respectively.

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