Exhibit 24-8 -Refer to Exhibit 24-8. Assuming That Total Fixed Costs Are

question 167

Multiple Choice

Exhibit 24-8

-Refer to Exhibit 24-8. Assuming that total fixed costs are $80, the average variable cost of producing 2 units of output is

• A)$19.50.
• B)$155.
• C)$145.
• D)$55.
• E)There is not enough information given to answer this question.

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Capitalization

The use of upper case letters at the beginning of sentences or proper nouns; in finance, the total value of a company's outstanding shares.