-Given the Total Cost Function TC = 1,000 + 2Q,when

question 234

Multiple Choice

-Given the total cost function TC = 1,000 + 2Q,when output is 1,000 units,average total cost __________ and when output is 10,000 units,average total cost __________.

• A) is $3;is $2.10
• B) is $3,000;is $21,000
• C) is $1.002;is 0.0102 cents
• D) is $1,000;is $10,000
• E) cannot be calculated;cannot be calculated

---

Definitions:

Closed-shop Agreement

A labor agreement requiring employees to be members of a union as a condition of employment, typically illegal in the U.S. under the Taft-Hartley Act.

Resistance Point

The maximum point of opposition or pushback in negotiations or discussions.

Pay Increase

An upward adjustment in an individual's salary or wages, often recognized as a reward for performance or due to changes in market conditions.

Labor Negotiations

The process of collective bargaining between employers and employees (or their representatives) over wages, working conditions, benefits, and other aspects of workers' compensation and rights.