Table 13-3 Consider the Following Firm Which Makes High-Performance Racing Bicycles.All Costs

question 78

Multiple Choice

Table 13-3
Consider the following firm which makes high-performance racing bicycles.All costs are given in dollars.Output is shown on a monthly basis.The firm's fixed costs include a rent of $800 and a lease cost of $400 per month.
-Refer to Table 13-3.One month the firm worked overtime to produce 16 bicycles.What was the average fixed cost for that month?

• A)340
• B)75
• C)120
• D)it can't be determined from the information given

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