At a Production Level of 6,000 Units a Project Has

question 66

Multiple Choice

At a production level of 6,000 units a project has total costs of €120,000.The variable cost per unit is €14.50.What is the amount of the total fixed costs?

• A)€25,165
• B)€28,200
• C)€30,570
• D)€32,000
• E)€33,000

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Definitions:

Paradox of Voting

A situation in which the cost of voting (time, effort) appears to outweigh the individual benefits, making it rational for people not to vote, yet people still vote.

Marginal Cost

The outlay involved in producing an extra unit of a product or service.

Marginal Benefit

The increased pleasure or benefit received from consuming an additional unit of a product or service.

Stadium

A large, often outdoor structure for sports, concerts, or other events, featuring tiers of seats for spectators.