Multiple Choice
Use the following to answer questions :
Figure 7-1
-Given the curves shown in Figure 7-1, the average fixed cost of 3 units of output is:
A) $3.00.
B) $6.00.
C) $8.33.
D) $25.00.
E) none of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q38: Net worth on a company's balance sheet
Q39: Use the following to answer questions :<br>Figure
Q40: If the total value of assets remains
Q41: If a firm is producing toasters using
Q42: If you know fixed cost and the
Q44: If marginal cost is falling, then total
Q45: Opportunity cost would still exist if I
Q46: Microsoft lets you have their software, Internet
Q47: The substitution rule requires firms to substitute
Q48: Use the following to answer questions :<br>Table