I'MaGadgetCo. produces and sells widgets. Last year, it produced 18,000 widgets and sold each one for $8. To produce the 18,000 widgets, the company incurred variable costs of $27,000 and a total cost of $36,000. Calculate I'MaGadgetCo's average fixed cost to produce 18,000 widgets.

1. I'MaGadgetCo. produces and sells widgets. Last year, it produced 18,000 widgets and sold each one for $8. To produce the 18,000 widgets, the company incurred variable costs of $27,000 and a total cost of $36,000. Calculate I'MaGadgetCo's average fixed cost to produce 18,000 widgets