A Firm Is Producing 50 Units of Output at a Total

question 14

Multiple Choice

A firm is producing 50 units of output at a total cost of $1,000, with a per-unit variable cost of $8. What is the firm's average fixed cost?

• A) $12
• B) $4
• C) $20
• D) $28

---

Definitions:

Revising

The process of reviewing and altering a document or project to improve its content, structure, or accuracy.

Document

A written, printed, or electronic record that provides information or evidence.

Analysis

The process of examining components or structures of something methodically and in detail, often to understand it better or to draw conclusions.

Business Document

A written piece of work used in a professional setting, such as reports, memos, proposals, or emails, that conveys information or arguments.