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Exhibit 21-3 Refer to Exhibit 21-3

Question 9

Multiple Choice

Exhibit 21-3 Exhibit 21-3 Refer to Exhibit 21-3. The average fixed cost of producing 25 units of output is A) $500.00. B) $20.00. C) $50.00. D) $2.50. E) indeterminable with the information given. Refer to Exhibit 21-3. The average fixed cost of producing 25 units of output is


A) $500.00.
B) $20.00.
C) $50.00.
D) $2.50.
E) indeterminable with the information given.

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