Output 0 1 2 3 4 5 6Total Cost ($) 24 33 41 48 54 61 69The average fixed cost of producing 3 units of output is:Multiple Choice$16$7.40$5.50$8$6

Question

Output 0 1 2 3 4 5 6Total Cost ($) 24 33 41 48 54 61 69The average fixed cost of producing 3 units of output is:Multiple Choice$16$7.40$5.50$8$6
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Solution 1

To calculate the average fixed cost, we first need to know the total fixed cost. However, the problem does not provide this information. The total cost given includes both variable and fixed costs. Without knowing the variable cost or the fixed cost, we cannot calculate the average fixed cost. There Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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Output 0 1 2 3 4 5 6Total Cost ($) 24 33 41 48 54 61 69The average fixed cost of producing 3 units of output is:Multiple Choice$16$7.40$5.50$8$6

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