Add: 180 275

question 13

Multiple Choice

Add: 180
275
+
574
¯¯¯¯¯¯

• A) 1039
• B) 919
• C) 1129
• D) 1029
• E) 929

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Definitions:

Marginal Costs

Refers to the cost added by producing one extra item of a product, emphasizing its role in decision making regarding production levels.

Variable Costs

Costs that change in proportion to the level of activity or volume of production in a business.

Total Fixed Costs

The total of all expenses that stay the same no matter the amount of production or output.

Average Total Costs

The total cost of production (fixed and variable costs combined) divided by the number of units produced; it shows the cost per unit of output.