Figure and Table: Variable, Fixed, and Total Costs

question 32

Multiple Choice

Figure and Table: Variable, Fixed, and Total Costs (Figure and Table: Variable, Fixed, and Total Costs) Look at the figure and table Variable, Fixed, and Total Costs.In the figure, when 96 bushels of wheat is produced, the average fixed cost is ,
Average variable cost is ________, and average total cost is _.

• A)$7.84; $11.76; $19.60
• B)$133.33; $200; $333.33
• C)$4.17; $16.67; $20.83
• D)$5.33; $13.33; $18.67

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Definitions:

Metacarpals

The five long bones found in the hand between the wrist (carpals) and the fingers (phalanges), making up the palm.

Phalanges

The skeletal structures found within human fingers and toes.

Carpals

The eight small bones that make up the wrist that connects the hand to the forearm.

Femur

The thigh bone, which is the longest, strongest, and heaviest bone in the human body, extending from the hip to the knee.