Suppose a Firm Is Producing 250 Units of Output

question 84

Multiple Choice

Suppose a firm is producing 250 units of output.At this level of output,average fixed costs are $20 per unit and average variable costs are $80 per unit.It can be concluded that total cost is

• A)$40 per unit.
• B)$0.40 per unit.
• C)$2500.
• D)$100.
• E)$ 25 000.

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Definitions:

Testosterone

A hormone that is much higher in men than in women.

Estrogen

A group of steroid hormones that promote the development and maintenance of female characteristics in the human body.

Serotonin

A neurotransmitter in the brain playing key roles in mood regulation, sleep, and digestion, among other functions.

Inward

Directed or moving towards the inside, or focusing on internal thoughts and feelings rather than external stimuli.