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Anarel [89]
2 years ago
14

Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when

no workers are hired. In addition, suppose that when four units of output are produced, the total cost is $175, and the average variable cost is $33.75. What would the average fixed cost be if ten units were produced?
a. $135b. $4c. $40d. $10
Business
1 answer:
Lera25 [3.4K]2 years ago
6 0

Answer:

Total variable cost if 4 units were produced

= $33.75 x 4 units = $135

Total fixed cost = Total cost - Total variable cost

Total fixed cost = $175 -$135

Total fixed cost = $40

Average fixed cost = Total fixed cost/No of units

Average fixed cost = $40/10 units

Average fixed cost = $4

The correct answer is B

Explanation:

In this case, we need to calculate the total variable cost on the ground that 4 units were produced. Then, we will determine the total fixed cost by deducting the total variable cost from total cost. Finally, we will divide the total fixed cost by 10 units in order to obtain the average fixed cost.

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Emilio and Dawn work in the "Energy Transmission career pathway".

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1 year ago
A 3-year insurance policy costing $1,164 is taken out november 1, 1995. the property was sold on may 15, 1996, and the day of cl
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Which of the following is true regarding systematic study?A) It attributes causes and effects based on intuition.B) It involves
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Answer:

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Explanation:

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When Jake became one of three final candidates for a managerial position with a large medical supply company, the director of th
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Answer:

Realistic job preview

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The adjusted trial balance for China Tea Company at December 31, 2021, is presented below:
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Answer:

Kindly check attached picture

Explanation:

Given the details below

Accounts Debit Credit

Cash $16,000

Accounts receivable 162,000

Prepaid rent 10,000

Supplies 31,000

Equipment 370,000

Accumulated depreciation $129,000

Accounts payable 11,000

Salaries payable 3,500

Interest payable 1,900

Notes payable (due in two years) 37,000

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Prepare an income statement for China Tea Company for the year ended December 31, 2021

Kindly check attached picture

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