Solved

Given the Table Below,what Is Average Fixed Cost When 300

Question 99

Multiple Choice

Given the table below,what is average fixed cost when 300 units of output are produced?  Output 100200300400 Total Cost 560TotalFixedCost Total  Variable  Cost 60AverageFixedCostAverageVariableCost4.00AverageTotalCost7.00MarginalCost4.00\begin{array}{c}\begin{array}{c}\\\\\text { Output } \\\hline 100 \\200 \\300 \\400 \end{array}\begin{array}{c}\\\text { Total}\\\text { Cost }\\\hline 560\\-\\-\\-\end{array}\begin{array}{c}\text {Total}\\\text {Fixed}\\\text {Cost}\\\hline-\\-\\-\\-\end{array}\begin{array}{c}\text { Total } \\\text { Variable } \\\text { Cost } \\\hline 60\\-\\-\\- \end{array}\begin{array}{lll}\text {Average}\\\text {Fixed}\\\text {Cost}\\\hline -\\-\\-\\-\end{array}\begin{array}{c}\text {Average}\\\text {Variable}\\\text {Cost}\\\hline-\\-\\4.00\\-\end{array}\begin{array}{c}\text {Average}\\\text {Total}\\\text {Cost}\\\hline-\\-\\-\\7.00\end{array}\begin{array}{c}\\\text {Marginal}\\\text {Cost}\\\hline-\\4.00\\-\\-\end{array}\end{array}


A) $0.60
B) $3.00
C) $160
D) $500
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions