At Bert's Bootery, the Total Cost of Producing Twenty Pairs

question 523

Multiple Choice

At Bert's Bootery, the total cost of producing twenty pairs of boots is $400. The marginal cost of producing the twenty-first pair of boots is $83. We can conclude that the

• A)average variable cost of 21 pairs of boots is $23.
• B)average total cost of 21 pairs of boots is $23.
• C)average total cost of 21 pairs of boots is $15.09.
• D)marginal cost of the 20th pair of boots is $20.

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Definitions:

Social Readjustment

The process of adapting to significant changes in one's life, which can be a source of stress and require considerable psychological adjustment.

Rating Scale

A method for measuring quantitative or qualitative information by assigning values along a continuous or discrete scale.

LCU Score

Life Change Units Score, a measure assessing the stress level of individuals by quantifying the extent of life changes they have experienced.

Eustress

Positive stress that arises from situations that are perceived as challenging but beneficial, promoting growth and accomplishment.