If a Firm Has a Total Fixed Cost of $75

question 22

Multiple Choice

If a firm has a total fixed cost of $75 and an average variable
Cost of $35 for producing 10 units of output, the average total
Cost would be:

• A)$425.
• B)$42.50.
• C)$110.
• D)$350.

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Definitions:

Unilateral Discharge

When one party ends an agreement or contract without the need for permission from or negotiation with the other party.

Discharged

Released from an obligation, duty, or debt; in employment, it can also mean being fired or let go from a job.

Modified

Altered or changed from the original form, structure, or condition.

Terminate

To bring to an end; in legal contexts, it often refers to ending a contract or employment.