A Firm's Average Total Cost Is $100, Its Average Variable

question 206

Multiple Choice

A firm's average total cost is $100, its average variable cost is $90, and its total fixed cost is $1,000. Its output is

• A) less than 70 units.
• B) between 70 and 120 units.
• C) between 120 and 170 units.
• D) more than 170 units.

---

Definitions:

Social Entrepreneur

Person who recognizes societal problems and uses business principles to develop innovative solutions.

Underprivileged Children

Young individuals lacking in advantages, opportunities, and resources commonly available to those in more affluent communities.

Not-For-Profit

An organization or entity that does not distribute its surplus funds to owners or shareholders but uses them to help achieve its goals, usually of a public or social nature.

Intrapreneur

An employee within a company who is given the freedom and financial support to create new products, services, systems, or businesses, acting as an entrepreneur within the organization.