The figure to the right shows the cost structure for a firm When the output level is 100 units average fixed cost is O A. $10. OB. $8. OC. $5. OD. This cannot be determined from the diagram.

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
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The figure to the right shows the cost structure for a firm.
When the output level is 100 units average fixed cost is
O A. $10.
O B. $8.
O C. $5.
O D. This cannot be determined from the diagram.
Cost
(dollars
per unit)
$20
12
10
50
100
MC
ATC
AVC
Quantity
(units of output)
Transcribed Image Text:The figure to the right shows the cost structure for a firm. When the output level is 100 units average fixed cost is O A. $10. O B. $8. O C. $5. O D. This cannot be determined from the diagram. Cost (dollars per unit) $20 12 10 50 100 MC ATC AVC Quantity (units of output)
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