At an Output Level of 50 Units Per Day, a Firm

question 408

Multiple Choice

At an output level of 50 units per day, a firm has average total costs of $60 and average variable costs of $35. Its total fixed costs are

• A)$925.
• B)$1,250.
• C)$1,750.
• D)$3,000.

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Definitions:

United States

A country primarily located in North America consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

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Fundamental components or substances that constitute matter, each with its own chemical properties.

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Acts or offenses that are against the law and punishable by a governing authority.

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