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 10 units of output are
◦ $30.
◦ $40.
◦ $50.
◦ 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. Micro Oven's average fixed costs of producing twelve units of output are
◦ $41.67.
◦ $25.00
◦ $16.67.
◦ indeterminate from this information.