Cindy's Car Wash Has Average Variable Costs of $2 and Average

question 123

Multiple Choice

Cindy's Car Wash has average variable costs of $2 and average total costs of $3 when it produces 100 units of output (car washes) . The firm's total variable cost is

• A)$100.
• B)$200.
• C)$300.
• D)$500.

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Definitions:

Tip-Of-The-Tongue

A cognitive phenomenon where a person cannot recall a familiar word or name but has a strong feeling that they are on the verge of remembering it.

Target Word

A specific word that is the focus of attention in various linguistic or psychological tests or experiments.

Short-Term Memory

A component of memory where small amounts of information can be kept for a short period of time.

Leaky Bucket

A metaphor often used in economics and business to describe a process where resources are lost or wasted.