The Wacky Widget Company Has Total Fixed Costs of $100,000

question 339

Multiple Choice

The Wacky Widget company has total fixed costs of $100,000 per year. The firm's average variable cost is $5 for 10,000 widgets. At that level of output, the firm's average total costs equal

• A)$10
• B)$15
• C)$100
• D)$150

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Definitions:

Workforce

The workforce consists of all the people engaged in or available for work, either in a country or in a particular company or industry.

Women in Their 50s and Older

A demographic group facing unique life transitions and challenges, often including menopause and shifts in familial and social roles.

Men in Their Early 20s and 30s

A demographic group often focusing on career development, personal identity exploration, and establishing significant relationships.

Men in Their 50s and Older

This term refers to the demographic group of adult males aged fifty years and above, often considered in studies related to aging, health, and sociological trends.