Ask Question
17 July, 23:02

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.

+4
Answers (1)
  1. 18 July, 00:06
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers