In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit. If the firm produces 40 units of output,what is average fixed cost?
A)$7.50
B)$25
C)$120
D)$600
E)none of the above

Question

In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit.  If the firm produces 40 units of output,what is average fixed cost?
A)$7.50 
B)$25 
C)$120 
D)$600 
E)none of the above

Quizplus · Accepted Answer

The Answer of In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit.  If the firm produces 40 units of output,what is average fixed cost?
A)$7.50 
B)$25 
C)$120 
D)$600 
E)none of the above

In the Table Below,the Capital Stock Is Fixed at 40