A Firm's Total Fixed Cost Equals $2500

question 138

Multiple Choice

A firm's total fixed cost equals $2500. What would the firm's average fixed cost be at 10 units of output?

• A) $2.50
• B) $250
• C) $2500
• D) $25 000

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Definitions:

Significant Others

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Agents of Socialization

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Pathological Definition

A term used to describe the precise classification of diseases, disorders, or any abnormal state or condition in a scientific or medical context.

Aging Process

The natural progression of changes in the physical, psychological, and social aspects of human beings over time.