In the Short Run, the Sure-Screen T-Shirt Company Is Producing

question 201

Multiple Choice

In the short run, the Sure-Screen T-Shirt Company is producing 500 units of output. Its average variable costs are $2.00 and its average fixed costs are $.50. The firm's total costs

• A)are $2.50.
• B)are $1,250.
• C)are $750.
• D)are $1,100.

---

Definitions:

Enabling Legislation

Laws passed by a legislative body that gives the necessary authority to a government entity to carry out specific powers or functions.

Separation of Powers

A principle of governance in which the state's responsibilities are divided among separate branches—typically the legislative, executive, and judicial—to prevent misuse of power and ensure a balance.

Founding Principles

Fundamental concepts or beliefs that form the basis of a system, organization, or society.

Administrative Agencies

Governmental bodies established to oversee and regulate specific activities or fields, often with the authority to enforce laws and create regulations within their purview.