A Firm's Average Variable Cost Is $60, Its Total Fixed

question 205

Multiple Choice

A firm's average variable cost is $60, its total fixed cost is $3,000, and its output is 600 units. Its average total cost is

• A) less than $58.
• B) between $58 and $62.
• C) between $62 and $64.
• D) more than $64.

---

Definitions:

Linkage

Refers to the connection between atoms or the arrangement of atoms within molecules; it can also pertain to the genetic association between alleles at different loci.

DNA

Deoxyribonucleic acid, a molecule containing the genetic instructions used in the development and functioning of all known living organisms and many viruses.

Expected Product

The chemical compound that is anticipated to be formed in a chemical reaction based on the reactants and conditions.

Reaction

A process in which substances interact to form one or more new substances, often involving changes in chemical composition and properties.