A Firm Produces 300 Units of Output at a Total

question 38

Multiple Choice

A firm produces 300 units of output at a total cost of $1,000. If fixed costs are $100,

• A)average fixed cost is $10.
• B)average variable cost is $3.
• C)average total cost is $4.
• D)average total cost is $5.

---

Definitions:

Performance Standards

The expectations set for the level of performance or achievements that must be met in various tasks or roles.

Drive Production

The motivation and energy directed towards increasing productivity and efficiency in a manufacturing or production process.

Leader Position Power

The authority and influence a leader holds by virtue of their role or position within an organization.

Making Decisions

The cognitive process of selecting a course of action from among multiple alternatives, often involving weighing the risks and benefits.