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Author Question: Wilbur's Widgets, a widget company, produces 100 widgets. Its average fixed cost is $5 and its total ... (Read 97 times)

storky111

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Question 1

The Farley Farm, a dairy company, has total costs of $15,000 and total variable costs of $2,000. The Farley Farm's total fixed costs are


◦ $0.
◦ $13,000.
◦ $17,000.
◦ indeterminate because the firm's output level is not known.

Question 2

Wilbur's Widgets, a widget company, produces 100 widgets. Its average fixed cost is $5 and its total variable cost is $300. What is the total cost of producing 100 widgets?


◦ $300
◦ $305
◦ $500
◦ $800


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Marked as best answer by storky111 on Apr 19, 2019

chloejackso

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storky111

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Reply 2 on: Apr 19, 2019
Gracias!


elyse44

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Reply 3 on: Yesterday
Excellent

 

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