Multiple Choice
If total fixed costs are $1,000,variable costs are constant at $5.00 per unit over the relevant range of output and average total cost is $6,what is average fixed cost?
A) $1
B) $5
C) $10
D) $1,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q26: Which of the following is true of
Q27: Use the following figure to answer the
Q28: Suppose you quit your job as an
Q29: Which of the following statements about the
Q30: Suppose labor is on the horizontal axis
Q32: At 20 units of output,the slope of
Q33: When output expands from the fourth to
Q34: Use the following figure to answer the
Q35: Using an isoquant and isocost curves,with labor
Q36: Ben decides to expand his ice cream