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

question 96

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.
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)50
• B)110
• C)150
• D)190
• E)210

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Definitions:

Product Liability

The legal liability of manufacturers, sellers, and lessors of goods to consumers, users, and bystanders for injuries or damages that are caused by the goods.

Misrepresentation

The act of providing false or misleading information, often in a contractual context where one party deceives another.

Plaintiff

The person or party who initiates a lawsuit in court against another party, alleging wrongdoings that caused harm or loss.

Fraud

The act of intentionally deceiving or misleading another person or entity for financial or personal gain, resulting in harm or loss.