I'MaGadgetCo

question 15

Multiple Choice

I'MaGadgetCo. produces and sells widgets. Last year, it produced 9,000 widgets and sold each one for $8. To produce the 9,000 widgets, the company incurred variable costs of $27,000 and a total cost of $36,000. I'MaGadgetCo's average fixed cost to produce 9,000 widgets was

• A) $1.00
• B) $3.00
• C) $4.00
• D) $7.00

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Definitions:

Romanticism

An artistic, literary, and intellectual movement that originated in the late 18th century, emphasizing emotion, individualism, and the glorification of nature and the past.

Artistic Movement

A trend or style in art with a specific common philosophy or goal, followed by a group of artists during a restricted period of time.

Enlightenment

An intellectual and philosophical movement that dominated the world of ideas in Europe during the 17th and 18th centuries, emphasizing reason, individualism, and skepticism towards traditional doctrines.

Official Nationality

A doctrine or policy, especially in historical contexts, where the state defines and promotes a singular national identity, often for purposes of unity or control.