Wilbur's Widgets, a Widget Company, Produces 100 Widgets

question 206

Multiple Choice

Wilbur's Widgets, a widget company, produces 100 widgets. Its average fixed cost is $5 and its total variable cost is $300. What is the total cost of producing 100 widgets?

• A) $300
• B) $305
• C) $500
• D) $800

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Definitions:

Antipyretics

Medications used to reduce fever by acting on the body's temperature-regulating center in the brain.

Influenza

A highly contagious viral infection of the respiratory passages causing fever, severe aching, and catarrh, and often occurring in epidemics.

Microorganism

A microscopic organism, such as a bacteria, virus, or fungus, that can only be seen under a microscope.

Chloroplasts

Organelles found in the cells of green plants and photosynthetic algae that conduct photosynthesis.