Table 13-3 Consider the Following Firm Which Makes High-Performance Racing Bicycles.All Costs

Multiple Choice

Table 13-3
Consider the following firm which makes high-performance racing bicycles.All costs are given in dollars.Output is shown on a monthly basis.The firm's fixed costs include a rent of $800 and a lease cost of $400 per month.
-Refer to Table 13-3.One month the firm worked overtime to produce 16 bicycles.What was the average fixed cost for that month?

A) 340
B) 75
C) 120
D) it can't be determined from the information given