A Firm's Average Variable Cost Is $90, Its Total Fixed

question 5

Multiple Choice

A firm's average variable cost is $90, its total fixed cost is $10,000, and its output is 1,000 units. Its total cost is

• A) less than $85,000.
• B) between $85,000 and $95,000.
• C) between $95,000 and $105,000.
• D) more than $105,000.

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Definitions:

Working Class

A social group consisting of people employed in lower tier jobs, often involving manual labor, and who typically possess less economic power and educational attainment compared to the middle and upper classes.

Crimes Against

Refers to actions that are against the law and often involve harm to individuals or society.