Refer to Table 21 Total Fixed Costs in Table 21

question 42

Multiple Choice

Refer to Table 21.5: Table 21.5
$\begin{array} { | c | c | c | c | c | c | } \hline \mathrm { Q } & \mathrm { TFC } & \mathrm { TVC } & \mathrm { TC } & \text { AVC } & \text { MC } \\\hline 0 & & & 15 & - & - \\\hline 1 & & & 23 & & \\\hline 2 & & & & & 4 \\\hline 3 & & 15 & & & \\\hline\end{array}$ Total fixed costs in Table 21.5 are equal to

• A)$0 because the problem involves the long run.
• B)$15.
• C)$30.
• D)$60.

---

Definitions:

Relocating

The act of moving to a different place or position, often for work or personal reasons.

Personal Time

An individual's free time not occupied by work or obligatory activities, allowing for rest, hobbies, or personal pursuits.

Tax Withheld

Refers to income tax that is deducted directly from an employee's salary and paid to the government by the employer.

Marital Status

A legal or social recognition of a person's relationship, indicating whether they are single, married, divorced, etc.