Economics · Oct / Nov 2020 · Paper 12 · Question 12

The table shows the output and total costs of a small firm. | output (units) | total costs ($) | |---|---| | 0 | 50 000 | | 1 000 | 100 000 | | 5 000 | 400 000 | | 10 000 | 600 000 | What is the average fixed cost of producing 10 000 units?

1. A$5
2. B$6
3. C$55
4. D$60

As printed in the paper