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Consider a firm that is producing 10 units of a product, incurring Fixed Cost=$10,000, and Variable Cost=$5000 for all 10 units. When it produces 11

Consider a firm that is producing 10 units of a product, incurring Fixed Cost=$10,000, and Variable Cost=$5000 for all 10 units. When it produces 11 units, it incurs a Variable Cost=$6000 for those 11 units. What is the firms Average Fixed Cost for the 11 units?

		a) $1000
		b) $545.45
		c) $909.09
		d) Not enough information has been provided

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