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 81

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 fixed cost when 150 units of output are produced?

• A) $2
• B) $9
• C) $11
• D) $16.50
• E) none of the above

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Definitions:

Certificate of Occupancy

A document issued by a local government or building department certifying that a building complies with applicable building codes and other laws, and is safe to occupy.

Implied-in-Fact Condition

A legal term for conditions in a contract that are not stated but are understood as a necessary part of the agreement based on the circumstances and actions of the parties involved.

Condition Subsequent

A legal term that describes a condition in a contract that, if fulfilled, terminates the obligation or contract itself.

Debt Discharged

The condition in which a debt is legally eliminated, and the debtor is no longer financially obligated to pay it back.