Refer to the Short-Run Information Provided in Figure 8

question 266

Multiple Choice

Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow

Figure 8.5
-Refer to Figure 8.4. Micro Oven's average fixed costs of producing two units of output are

• A) $150.
• B) $300.
• C) $450.
• D) indeterminate from this information.

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Definitions:

Greatest Common Factor

The largest number that divides two or more numbers without leaving a remainder, used in simplifying fractions.

Numerator

The top number in a fraction that indicates how many parts of a whole are taken.

Denominator

The bottom number in a fraction, representing the total number of parts the whole is divided into.