Multiple Choice
I'MaGadgetCo. produces and sells widgets. Last year, it produced 9,000 widgets and sold each one for $8. To produce the 9,000 widgets, the company incurred variable costs of $27,000 and a total cost of $36,000. I'MaGadgetCo's average fixed cost to produce 9,000 widgets was
A) $1.00
B) $3.00
C) $4.00
D) $7.00
Correct Answer:
Verified
Correct Answer:
Verified
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