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Answer the question on the basis of the following cost data. Output Total Cost 0 $ 24 1 33 2 41 3 48 4 54
Answer the question on the basis of the following cost data.
| Output | Total Cost |
|---|---|
| 0 | $ 24 |
| 1 | 33 |
| 2 | 41 |
| 3 | 48 |
| 4 | 54 |
| 5 | 61 |
| 6 | 69 |
The average fixed cost of producing 2 units of output is
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
