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7 July, 19:43

Answer the next question on the basis of the following data. Output Total Cost 0 $24 1 33 2 41 3 48 4 54 5 61 6 69 The average fixed cost of producing 3 units of output is rev: 06_26_2018

A. $8.00.

B. $7.40.

C. $6.00.

D. $5.50.

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Answers (1)
  1. 7 July, 21:29
    0
    Option (A) is correct.

    Explanation:

    The average fixed cost is determined by dividing the total fixed cost by number of units produced.

    Given that,

    Fixed cost = $24

    The average fixed cost of producing 3 units of output is:

    = Total Fixed cost : Number of units produced

    = $24 : 3

    = 8

    Therefore, the average fixed cost of producing 3 units of output is $8.00.
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Home » Business » Answer the next question on the basis of the following data. Output Total Cost 0 $24 1 33 2 41 3 48 4 54 5 61 6 69 The average fixed cost of producing 3 units of output is rev: 06_26_2018 A. $8.00. B. $7.40. C. $6.00. D. $5.50.
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