Answer the question on the basis of the following cost data. Average Fixed Output Cost Average Variable Cost 1 $ 30.00 $ 10.00 23 15.00 9.00 10.00 8.00 4 7.50 7.50 5 6.00 7.60 6 5.00 9.00 7 4.29 10.71 8 3.75 12.25 Total fixed cost at 3 units of output W Multiple Choice О is $30.00. О О cannot be determined with the information given. is $38.00. is $10.00.
Answer the question on the basis of the following cost data. Average Fixed Output Cost Average Variable Cost 1 $ 30.00 $ 10.00 23 15.00 9.00 10.00 8.00 4 7.50 7.50 5 6.00 7.60 6 5.00 9.00 7 4.29 10.71 8 3.75 12.25 Total fixed cost at 3 units of output W Multiple Choice О is $30.00. О О cannot be determined with the information given. is $38.00. is $10.00.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Transcribed Image Text:Answer the question on the basis of the following cost data.
Average Fixed
Output
Cost
Average Variable Cost
1
$ 30.00
$ 10.00
23
15.00
9.00
10.00
8.00
4
7.50
7.50
5
6.00
7.60
6
5.00
9.00
7
4.29
10.71
8
3.75
12.25
Total fixed cost at 3 units of output
W
Multiple Choice
О
is $30.00.
О
О
cannot be determined with the information given.
is $38.00.
is $10.00.
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