A Firm's Average Total Cost Is $100, Its Average Variable

question 8

Multiple Choice

A firm's average total cost is $100, its average variable cost is $90, and its total fixed cost is $1,000. Its output is

• A) between 70 and 120 units.
• B) between 120 and 170 units.
• C) more than 170 units.
• D) less than 70 units.

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Definitions:

Legislative Branches

Components of government responsible for enacting the laws of the state, such as parliaments or congresses, consisting of elected representatives.

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Parts of government responsible for implementing and enforcing laws, led by the President at the federal level and governors at the state level in the United States.

Foreign Affairs

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The act of overseeing or supervising to ensure that laws, regulations, or guidelines are being followed correctly.