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.

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Definitions:

Net Income

The profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, a key indicator of financial health.

Net Cash Flow

The amount of cash generated or lost by a company in a given period, considering cash inflows and outflows from operating, investing, and financing activities.

Accounts Receivable

The total amount of money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Inventories

Tangible property held for sale in the ordinary course of business, in the process of production for such sale, or to be currently consumed in the production of goods or services.