A Factory Produces 1,000 Radios a Year, AVC = $10

question 135

Multiple Choice

A factory produces 1,000 radios a year, AVC = $10 and TFC = $5,000.The factory's TC

• A)equals $15.
• B)equals $5,005.
• C)equals $15,000.
• D)cannot be determined from the information given.

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Definitions:

Majority Ethnic Group

The ethnic group in a given society or country that makes up the largest percentage of the population, often holding significant cultural, economic, or political influence.

Han

The majority ethnic group of China, constituting over 90% of its population.

Surplus Of Women

A demographic situation where the number of women in a population exceeds the number of men, often with social and economic implications.