Refer to the following:

The wage rate is $600 and total fixed cost is $15,000.
-What is average variable cost at its minimum?
A) $3.75
B) $30
C) $0.94
D) $28
E) $2.80

Question

Refer to the following:
  
The wage rate is $600 and total fixed cost is $15,000.
-What is average variable cost at its minimum?
A) $3.75 
B) $30 
C) $0.94 
D) $28 
E) $2.80

Quizplus · Accepted Answer

The Answer of Refer to the following:
  
The wage rate is $600 and total fixed cost is $15,000.
-What is average variable cost at its minimum?
A) $3.75 
B) $30 
C) $0.94 
D) $28 
E) $2.80

Refer to the Following