When Output Is 500, a Firm's Fixed Costs Are $10,000

question 12

Multiple Choice

When output is 500, a firm's fixed costs are $10,000 and its variable costs are $15,000. The firm's total costs are therefore:

• A) $ 5,000.
• B) $10,000.
• C) $15,000.
• D) $25,000.

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Definitions:

Minor Burn

A burn injury that affects only the outer layer of skin, typically healing without significant medical intervention.

Myopia

A common vision condition also known as nearsightedness, where objects far away appear blurry while close objects can be seen clearly.

Objects Clearly

The capacity to see or perceive things with clarity and sharpness.

Close Range

A short distance between two points or objects, often used in reference to shooting or photography where the subject is near the shooter or the camera.