If total fixed cost is equal to 1000 and there are 200 units being produced average fixed cost is equal to
Answered by Expert Tutors
The average cost is 5 Explanation Average fixed cost is calculated by dividing the total cost by the total number of units produced. Total cost = 1000 Units produced = 200 units Average fixed cost = 1000 / 200 = 5 The average fixed cost is equal to 5 |