Exhibit 21-3 ​

question 124

Multiple Choice

Exhibit 21-3
​

-Refer to Exhibit 21-3. What is the average total cost of producing 45 units of output?

• A)$25.11
• B)$24.44
• C)$21.11
• D)$21.33

---

Definitions:

Fixed

In a context, it refers to something that is securely attached or set in position without any movement; unchangeable.

Growth

A process of increase in size, number, value, or strength.

Intrinsic Motivation

The motivation to engage in an activity for its own sake, driven by personal satisfaction or interest rather than external rewards.

Extrinsic Motivation

Motivation driven by external rewards such as money, praise, or fame, rather than by internal factors.