Refer to the Following $\begin{array}{rr}\text { Output } & \text { Total Cost } \\\hline 0 & \$ 300 \\50 & 800 \\100 & 1050 \\150 & 1650 \\200 & 2400\end{array}$

question 91

Multiple Choice

Refer to the following:

$\begin{array}{rr}\text { Output } & \text { Total Cost } \\\hline 0 & \$ 300 \\50 & 800 \\100 & 1050 \\150 & 1650 \\200 & 2400\end{array}$
-What is average variable cost when output is 200?

• A) $2.00
• B) $12.00
• C) $10.50
• D) $240
• E) $210

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Definitions:

1934 Act

Refers to the Securities Exchange Act of 1934, which governs the trading of securities in the U.S., including the establishment of the SEC.

Registration Under

The process of officially recording or enlisting something or someone under certain conditions or regulations, often related to securities laws.

1933 Act

A U.S. federal law, officially known as the Securities Act of 1933, enacted to ensure more transparency in financial statements to protect investors from fraud.

Working Capital

The difference between a company's current assets and its current liabilities, indicative of its operational liquidity.