Refer to the Following:
the Capital Stock Is Fixed at 50

question 37

Multiple Choice

Refer to the following:
The capital stock is fixed at 50 units, the price of capital is $30 per unit, and the price of labor is $25 per unit.

$$\begin{array} { c c } &\text { Average } \\\text { Output } & \text { Variable Cost }\\\hline 10 & \$ 40 \\20 & 30 \\30 & 45 \\40 & 60 \\\hline\end{array}$$
-If the firm produces 20 units of output, what is average fixed cost?

• A) $1.50
• B) $50
• C) $150
• D) $600
• E) none of the above

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Definitions:

Internal Organs

The group of organs located within the main cavities of the body, such as the heart, lungs, liver, and kidneys, essential for various bodily functions.

Rapidly Adapting Receptor

Body sensory receptor that responds briefly to the onset of a stimulus on the body.

Meissner's Corpuscles

Specialized nerve endings in the skin sensitive to light touch and texture.

Pacinian Corpuscles

Pacinian corpuscles are nerve endings in the skin sensitive to pressure and vibration, playing a crucial role in the sensation of touch.