Refer to the Following

question 82

Multiple Choice

Refer to the following:

The wage rate is $600 and total fixed cost is $15,000.
-What is average variable cost at its minimum?

• A) $3.75
• B) $30
• C) $0.94
• D) $28
• E) $2.80

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Definitions:

Hostile Takeover

An acquisition attempt by a company or individual against the target company's wishes.

Cash Bidding Price

The price offered in cash during an auction or bidding process for an asset or item.

Market Price

The market price at which you can currently buy or sell an asset or service.

Interest Tax Savings

The reduction in tax payments resulting from the deduction of interest payments on debt from taxable income.