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Quantity Variable Costs Total Costs 0 0 40 1 10 50 2 20 60 3 30 70 4 40 80 5 50 90 6 60
Quantity | Variable Costs | Total Costs |
0 | 0 | 40 |
1 | 10 | 50 |
2 | 20 | 60 |
3 | 30 | 70 |
4 | 40 | 80 |
5 | 50 | 90 |
6 | 60 | 100 |
7 | 70 | 110 |
8 | 80 | 120 |
According to the table, what is the average fixed cost at 4 units of output?
Instructions: when answers are not whole numbers you should leave two numbers after the decimal. E.g. If the answer is 10.2778 it can be entered as 10.28
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