If AFC Is $8 at a Quantity of Output of 1,000

question 6

Multiple Choice

If AFC is $8 at a quantity of output of 1,000 units, and ATC is $12 at the same level of output, it follows that

• A)marginal cost is $10.
• B)AVC is $4,000.
• C)total cost is $4,000.
• D)marginal cost is $1,000.
• E)AVC is $4.

---

Definitions:

Parameter Types

The data types of parameters accepted by functions or methods, determining what kind of arguments can be passed to them.

Argument

A value or reference passed to a function or method when it is called, used as an input to influence the operation or output.

Accessor Methods

Methods in object-oriented programming used to get the values of private fields of a class.

Instance Variable

An instance variable is a variable declared in a class for which each object of the class has its own value.