The Average Total Cost of Producing Electronic Calculators in a Factory

question 133

Multiple Choice

The average total cost of producing electronic calculators in a factory is $20 at the current output level of 100 units per week. If fixed cost is $1,000 per week:

• A) average fixed cost is $20.
• B) total cost is $3,000.
• C) variable cost is $2,000.
• D) average variable cost is $10.

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Definitions:

Graves Disease

An autoimmune disorder that results in the overproduction of thyroid hormones, causing hyperthyroidism.

Glucocorticoids

A class of steroid hormones that play a role in metabolism, immune response, and stress management, and are used as anti-inflammatory and immunosuppressant medications.

Mineralocorticoids

A class of corticosteroids that help control electrolyte and water balance in the body, primarily produced by the adrenal glands.

Adrenal Cortex

The outer portion of the adrenal gland that produces steroid hormones which regulate metabolism, immune response, and other essential functions.