Darren Runs a Barbershop with Average Fixed Costs of $60

question 223

Multiple Choice

Darren runs a barbershop with average fixed costs of $60 per day and a total output of 50 haircuts per day.Darren shuts down every year during the last week of July and the first week of August (meaning it is open 50 weeks a year) .What is his annual fixed cost if he is open 6 days per week?

• A) $18 000
• B) $3 000
• C) $60
• D) The answer cannot be determined with the information available.

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Definitions:

One Carbon Compounds

Organic compounds that contain only one carbon atom, often involved in fundamental biochemical processes.

Ethylene Glycol

A colorless, odorless, syrupy liquid used as antifreeze in cooling and heating systems, and in the manufacture of polyester fibers.

Phosgene

A toxic chemical compound used as an industrial reagent and chemical weapon, with the formula COCl2.

Organic Compound

A compound primarily made of carbon atoms bonded to hydrogen, possibly along with oxygen, nitrogen, sulfur, phosphorus, and halogens.