-Given the Information in the Table Above, Suppose Labor Is

question 1

Multiple Choice

-Given the information in the table above, suppose labor is the only variable input. The price of labor is $400 per week and total fixed costs are $1,000 per week. If 170 units are produced, the average total cost is

• A) $15.29.
• B) $5.88.
• C) $9.41.
• D) $7.99

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Definitions:

Managing Office Supplies

The process of ordering, stocking, and distributing supplies needed for day-to-day operations in an office.

Efficiency

The ability to accomplish a task or a job with the least waste of time and effort; optimizing output from given inputs.

Organization

A facility or set of coordinated facilities that provide health care.

Resourcefulness

The ability to find quick and clever ways to overcome difficulties.