If Total Costs Are $20,000 at an Output of 1000

question 21

Multiple Choice

If total costs are $20,000 at an output of 1000 units and $35,000 at an output of 2,500 units, and variable costs are $10 per unit, total fixed costs are:

• A) $25,000
• B) $10,000
• C) $20,000
• D) $15,000

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Definitions:

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in order of their priority, leading to self-actualization.

Affiliation Needs

A person's need to feel a sense of involvement and belonging within a social group, impacting their social interactions and relationships.

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, focusing on achieving one's full potential and self-fulfillment.

Affiliation Needs

The human desire to build and maintain social relationships, connections, and a sense of belonging with others.