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The following table shows the total output, number of workers employed, variable costs, and fixed costs of a firm. Number of Workers Total Output (units)
The following table shows the total output, number of workers employed, variable costs, and fixed costs of a firm. Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 0 0 0 150 1 25 10 150 2 55 20 150 3 86 30 150 4 110 40 150 5 130 50 150 6 145 60 150 7 155 70 150 8 160 80 150 Refer to the table above. What is the average fixed cost of producing 110 units of the good? Group of answer choices $1.36 $1.72 $150 $37.50
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