Homework Answers
Answer
Formula :
Total Cost = Total fixed cost + Total variable cost
When Quantity = 5 we have :
42 = Total fixed cost + 32
=> Total fixed cost = 10.
Average Fixed cost = Total Fixed cost/ Quantity = 10/5 = 2
Average Variable cost = (Total Variable cost)/ Quantity = 32/5 = 6.4
Hence, When 5 shirts are produced, the average fixed cost is 2 and average variable cost is 6.4.
Hence, the correct answer is (A) $2.00 ; $6.40
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