In a Factory,the Total Variable Costs Are $600 If 500

question 66

Multiple Choice

In a factory,the total variable costs are $600 if 500 units are produced.If 400 units are produced,the total variable costs would be

• A) $480.
• B) $600.
• C) $120.
• D) $333.

---

Definitions:

Low Cost

Refers to products or services that are offered at a minimal financial expense, making them accessible to a wider range of consumers.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than another.

Competitive World Market

A global economic environment where businesses compete across borders to offer the best products and services.

Trade Restrictions

Measures imposed by governments to control or limit the exchange of goods and services across their borders, including tariffs, quotas, and embargoes.