Author Question: Refer to the information provided in Figure 8.1 below to answer the question(s) that follow. Refer ... (Read 86 times)

jake · **on:** Apr 19, 2019

Question 1

Average fixed costs

◦ are the costs associated with producing an additional unit of output.
◦ provide a per unit measure of costs.
◦ fall as output rises.
◦ reach their minimum at the output level where the average fixed cost curve is intersected by the marginal cost curve.

Question 2

Refer to the information provided in Figure 8.1 below to answer the question(s) that follow.

Refer to Figure 8.1 above. The total fixed costs for Cyndy's Floral Arrangements are $1,000. If Cyndy's Floral Arrangements produces 200 silk flower arrangements, the average fixed costs are

◦ $0.20.
◦ $5.
◦ $20.
◦ $200.

briseldagonzales · **Reply #1 on:** Apr 19, 2019

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