The Table Shows Costs for an Individual Firm

question 142

Multiple Choice

The table shows costs for an individual firm. What is the variable cost of producing four units?

• A)$38
• B)$150
• C)$50
• D)Not enough information is given to calculate variable cost.

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Definitions:

Paid-in Capital

Capital received by a company in exchange for shares of stock, exceeding the par or stated value of the shares.

Common Stock

Equity ownership in a corporation, usually with voting rights and dividends.

Face Value

The nominal value of a security stated by the issuer, also known as the “par value.”

Quoted Price

The current price at which an asset or service can be bought or sold on the market.