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:

Intrinsic Force

A fundamental or inherent power that motivates or influences the dynamics of physical or conceptual entities.

Culture Iceberg

A metaphor describing how visible elements of culture are above the surface, but the bulk of cultural values and norms are hidden beneath the surface.

Cultural Intelligence Quotient

A measure of an individual's ability to understand and adapt to new cultural contexts, improving interactions and effectiveness.

Cultural Values

The core principles and ideals upon which an entire community exists, influencing the behaviors and beliefs of the people within the culture.