Answered: Output Total Cost 0 24 1 33 2 41…

Output Total Cost 0 24 1 33 2 41 3 48 4 54 5 61 6 69 Refer to the above data. The average fixed cost of producing 3 units of output is: A. $8. B. $7.40. C. $5.50. D. $6.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section: Chapter Questions

Problem 10QP

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Question

Output	Total Cost
0	24
1	33
2	41
3	48
4	54
5	61
6	69

Refer to the above data. The average fixed cost of producing 3 units of output is:
A. $8.
B. $7.40.
C. $5.50.
D. $6.

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