Question 1
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow.
Refer to Figure 8.4. Micro Oven's average fixed costs of producing two units of output are
◦ $150.
◦ $300.
◦ $450.
◦ indeterminate from this information.
Question 2
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow.
Refer to Figure 8.4. If two microwave ovens are produced, Micro Oven's total variable costs are
◦ $150.
◦ $300.
◦ $450.
◦ indeterminate from this information.