Volt CorpReported the Following Information for the Year Ended December 31

question 70

Multiple Choice

Volt Corp.reported the following information for the year ended December 31, 2015: How much was paid out in dividends by Volt in 2015?

• A)$ 20,000
• B)$ 25,000
• C)$ 30,000
• D)$ 50,000

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Definitions:

Average Variable Cost

Average variable cost is the total variable cost divided by the quantity of output, showing the cost of producing one more unit of a good.

Marginal Product

The additional output produced by using one more unit of a given input, holding all other inputs constant.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one additional unit of a good changes as the production volume varies.

Short-Run Marginal Cost

The change in total cost associated with producing one additional unit of output, considering some inputs are fixed.