Question 24
MediumOriginal questionA firm's short-run total cost schedule is given.
| Output (units) | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|---|
| Total cost (₹) | 60 | 90 | 110 | 126 | 140 | 160 | 192 | 242 |
What is the average fixed cost at 6 units?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
AFC = TFC ÷ q = 60 ÷ 6 = ₹10.
- Concept
- AFC from TFC
- Typical timeTypical
- 70 s
- Your timeYours
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