What was imagadgetcos fixed cost


Problem

I'MaGadget Co. 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. What was I'MaGadgetCo's fixed cost? What was their average fixed cost?

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Microeconomics: What was imagadgetcos fixed cost
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