Assume That in the Short Run a Firm Is Producing

question 66

Multiple Choice

Assume that in the short run a firm is producing 100 units of output, has average total costs of $100, and average variable costs of $50. The firm's total fixed costs are

• A) $50.
• B) $5,000.
• C) $150.
• D) $15,000.

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Definitions:

Detritus Feeder

An organism that feeds on dead organic material, especially plant detritus, contributing to decomposition and nutrient cycling.

Decomposer

Organisms, usually bacteria and fungi, that break down dead or decaying organic matter, recycling nutrients in the ecosystem.

Food Chain

A series of organisms each dependent on the next as a source of food, representing the flow of energy and nutrients in an ecosystem.

Low-Quality Heat

Refers to thermal energy that is at a temperature unsuitable or too low to be used for work or energy production efficiently.