Ask Question
7 May, 04:24

Answer the next question on the basis of the following data. Output Total Cost 0 $24 1 33 2 41 3 48 4 54 5 61 6 69 The average fixed cost of producing 3 units of output is rev: 06_26_2018

A. $8.00.

B. $7.40.

C. $6.00.

D. $5.50.

+3
Answers (1)
  1. 7 May, 04:27
    0
    Option (A) is correct.

    Explanation:

    The average fixed cost is determined by dividing the total fixed cost by number of units produced.

    Given that,

    Fixed cost = $24

    The average fixed cost of producing 3 units of output is:

    = Total Fixed cost : Number of units produced

    = $24 : 3

    = 8

    Therefore, the average fixed cost of producing 3 units of output is $8.00.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Answer the next question on the basis of the following data. Output Total Cost 0 $24 1 33 2 41 3 48 4 54 5 61 6 69 The average fixed cost ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers