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Author Question: Wilbur's Widgets, a widget company, produces 100 widgets. Its average fixed cost is $6 and its total ... (Read 162 times)

Mr.Thesaxman

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Question 1

A dairy company, Farley Farm, has total costs of $10,000 and total variable costs of $3,000. Farley Farm's total fixed costs are


◦ $0.
◦ $7,000.
◦ $13,000.
◦ indeterminate because the firmʹs output level is not known.

Question 2

Wilbur's Widgets, a widget company, produces 100 widgets. Its average fixed cost is $6 and its total variable cost is $400. The total cost of producing 100 widgets is


◦ $306.
◦ $400.
◦ $600.
◦ $1,000.


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Marked as best answer by Mr.Thesaxman on Apr 19, 2019

phuda

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Mr.Thesaxman

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Reply 2 on: Apr 19, 2019
Excellent


abro1885

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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