A Firm's Average Variable Cost Is $90, Its Total Fixed

question 5

Multiple Choice

A firm's average variable cost is $90, its total fixed cost is $10,000, and its output is 1,000 units. Its total cost is

• A) less than $85,000.
• B) between $85,000 and $95,000.
• C) between $95,000 and $105,000.
• D) more than $105,000.

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Definitions:

Social Psychologists

Scholars who study how an individual's thoughts, feelings, and behaviors are influenced by the actual or imagined presence of others.

United States

A country in North America consisting of 50 states and a federal district, known for its significant cultural and economic influence globally.

Boas

Franz Boas was an anthropologist who is considered one of the founders of cultural anthropology and an advocate of cultural relativism.

Pavlov

A Russian physiologist known for his work in classical conditioning, demonstrating how organisms can learn to associate a neutral stimulus with a reflexive response.