QUESTI ON 16 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 5 units of output are produced, the total cost is 175 dirhams, and the average variable cost is 30 dirhams. What would the average fixed cost be if 10 units were produced? O a. 4 dirhams. O b. 2.5 dirhams. O c. 10 dirhams, O d. 135 dirhams.

QUESTI ON 16 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 5 units of output are produced, the total cost is 175 dirhams, and the average variable cost is 30 dirhams. What would the average fixed cost be if 10 units were produced? O a. 4 dirhams. O b. 2.5 dirhams. O c. 10 dirhams, O d. 135 dirhams.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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