The Table Below Shows Output,marginal Cost,and Average Variable Cost for the Production

question 1

Multiple Choice

The table below shows output,marginal cost,and average variable cost for the production of pairs of shoes.All costs are in dollars. $$\begin{array} { | c | c | c | } \hline \text { Output } & \begin{array} { c } \text { Marginal } \\\text { Cost }\end{array} & \begin{array} { c } \text { Average } \\\text { Variable Cost }\end{array} \\\hline 50 & 60 & 140 \\\hline 70 & 45 & 115 \\\hline 90 & 35 & 95 \\\hline 110 & 30 & 80 \\\hline 130 & 35 & 65 \\\hline 150 & 60 & 60 \\\hline 170 & 105 & 65 \\\hline 190 & 180 & 75 \\\hline 210 & 230 & 90 \\\hline 230 & 290 & 110 \\\hline\end{array}$$ TABLE 7- 6
-Refer to Table 7- 6.Suppose there are no fixed costs.The firm reaches it's capacity level of output when its output is equal to units.

• A)150
• B)50
• C)210
• D)110
• E)190

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Definitions:

Invested Assets

Assets acquired for the purpose of generating income through investment, rather than for use in the operations of a business.

Profit Margin

A financial metric that measures the amount of net income earned with each dollar of sales generated, indicating the efficiency of a company in converting sales into profits.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefits of an investment by its costs.

Income From Operations

Earnings generated from a company's regular, core business operations, excluding non-operational income and expenses.