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(Figure: Cost and Quantity of Output I) the Average Fixed

Question 114

Multiple Choice

(Figure: Cost and Quantity of Output I) The average fixed cost at 70 units of output is _____, and the firm's fixed cost of production is _____. (Figure: Cost and Quantity of Output I) The average fixed cost at 70 units of output is _____, and the firm's fixed cost of production is _____. A) $43; $3,010 B) $11; $560 C) $0.10; $7 D) $7; $490


A) $43; $3,010
B) $11; $560
C) $0.10; $7
D) $7; $490

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