Given the Table Below,what Is Average Fixed Cost When 300

question 99

Multiple Choice

Given the table below,what is average fixed cost when 300 units of output are produced? $\begin{array}{c}\begin{array}{c}\\\\\text { Output } \\\hline 100 \\200 \\300 \\400 \end{array}\begin{array}{c}\\\text { Total}\\\text { Cost }\\\hline 560\\-\\-\\-\end{array}\begin{array}{c}\text {Total}\\\text {Fixed}\\\text {Cost}\\\hline-\\-\\-\\-\end{array}\begin{array}{c}\text { Total } \\\text { Variable } \\\text { Cost } \\\hline 60\\-\\-\\- \end{array}\begin{array}{lll}\text {Average}\\\text {Fixed}\\\text {Cost}\\\hline -\\-\\-\\-\end{array}\begin{array}{c}\text {Average}\\\text {Variable}\\\text {Cost}\\\hline-\\-\\4.00\\-\end{array}\begin{array}{c}\text {Average}\\\text {Total}\\\text {Cost}\\\hline-\\-\\-\\7.00\end{array}\begin{array}{c}\\\text {Marginal}\\\text {Cost}\\\hline-\\4.00\\-\\-\end{array}\end{array}$

• A)$0.60
• B)$3.00
• C)$160
• D)$500
• E)none of the above

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