If Average Fixed Costs Equal $60 and Average Total Costs

question 214

Multiple Choice

If average fixed costs equal $60 and average total costs equal $120 when output is 100, the total variable cost must be

• A) $40.
• B) $60.
• C) $6,000.
• D) $8,000.

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Definitions:

Trembling

An involuntary shaking or quivering movement resulting from stress, fear, weakness, or illness.

Agoraphobia

A type of anxiety disorder characterized by an extreme fear of being in places or situations from which escape might be difficult.

Overwhelming Fear

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