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TimeHoop−Time produces​ high-quality basketballs. If the fixed cost per basketball is $ 3.00$3.00 when the company...

TimeHoop−Time

produces​ high-quality basketballs. If the fixed cost per basketball is

$ 3.00$3.00

when the company produces

13 comma 00013,000

​basketballs, what is the fixed cost per basketball when it produces

21 comma 00021,000

​basketballs? Assume both volumes are in the same relevant range.

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Answer #1

Fixed cost per ball when 13,000 basketballs are produced = $3

Total fixed cost = $3 X 13,000 = $39,000

Fixed cost per ball when 21,000 basketballs are produced = $39,000 / 21,000 = $1.86

$1.86 is the fixed cost per unit when 21,000 basketballs are produced.

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