Refer to Table 13-18. What is the average fixed cost of producing 450 units of output? O 10 O 70 O 21 O.02

ENGR.ECONOMIC ANALYSIS
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Table 13-18
Marginal
Product
Variable
Fixed
Cost
Labor
Output
Cost
So
$10
200
200
$20
$10
350
$40
S10
13
450
$60
$10
14
50
$80
$10
5
25
$100
$10
530
$120
$10
Refer to Table 13-18. What is the average fixed cost of producing 450 units of output?
O 10
O 70
O 21
O.02
Transcribed Image Text:Table 13-18 Marginal Product Variable Fixed Cost Labor Output Cost So $10 200 200 $20 $10 350 $40 S10 13 450 $60 $10 14 50 $80 $10 5 25 $100 $10 530 $120 $10 Refer to Table 13-18. What is the average fixed cost of producing 450 units of output? O 10 O 70 O 21 O.02
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