You Operate a Factory That Produces Beach Towels

question 87

Multiple Choice

You operate a factory that produces beach towels. Your current level of output equals 2000 towels per week. Your weekly variable cost equals $8000. If your total cost each week equals $9000, what can you conclude about the fixed costs of production?

• A) that the total cost equals $17 000
• B) that the total fixed cost equals $8 per towel
• C) that the average fixed cost equals 50 cents per towel
• D) that the average fixed cost equals $1000

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Definitions:

Vocational Environments

Work settings or employment contexts that are focused on career and technical education, aimed at preparing individuals for specific trades or professions.

Vocational Interests

These are preferences for certain types of work or careers, which reflect an individual's personality, skills, and values.

Predictor

A variable or factor that can be used to forecast or anticipate the outcome of a future event.

Gender

A social construct that encompasses a range of identities, behaviors, roles, and attributes that societies consider appropriate for men, women, and gender-diverse individuals.