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:

Performance

The accomplishment of a given task measured against preset known standards of accuracy, completeness, cost, and speed.

Eustress

Positive stress that has beneficial effects on health, motivation, performance, and emotional well-being.

Stressors

External factors or situations that cause stress to an individual, potentially impacting their mental and physical health.

Performance

The manner in which an individual, group, or organization accomplishes tasks, goals, or objectives, often measured against some standards.