Table 6-E -Refer to Table 6-E

Table 6-E
$\begin{array}{lrrrrrrr}\text { Quantity of Bicycles } & 0 & 1 & 2 & 3 & 4 & 5&6 \\\text { (in thousands) } \\\text { Total Cost of Production } & \$ 5 & \$ 8 & \$ 12 & \$ 16.5 & \$ 20 & \$ 27.5 & \$ 36\\\text { (in thousands) } \end{array}$
-Refer to Table 6-E.What is the level of the firm's total fixed cost (in thousands) ?

A) $0
B) $5
C) $8
D) $25
E) This cannot be determined from the information provided.

Correct Answer:

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