Exhibit 21-3 ​

question 114

Multiple Choice

Exhibit 21-3
​

-Refer to Exhibit 21-3. What is the average total cost of producing 60 units of output?

• A)$21.67
• B)$1.33
• C)$24.17
• D)$12.50

---

Definitions:

Sum

The total result of adding two or more numbers or quantities together.

Derivatives Exchanges

Specialized marketplaces where derivatives securities, such as futures and options, are traded.

Electronic Trading

The use of computer systems, often connected to the internet, to execute buy and sell orders in financial markets without the need for a physical trading floor.

Clearing Platform

Infrastructure provided by a clearing house that facilitates the settlement of trades by acting as an intermediary between buyers and sellers.