Question

if the average fix cost AFC of producing 5 bags of rice is $20,the average fix cost of producing 10 bags will be what?​

Answer 1

Answer: $10

Step-by-step explanation:

Since the average fixed cost for producing 5 bags of rice is $20, then the total fixed cost will be:

= AFC × Quantity

= $20 × 5

= $100

Therefore, the average fixed cost of producing 10 bags will be:

= Total fixed cost / Quantity

= $100 / 10

= $10

Therefore, the average fixed cost is $10