A Firm Is Producing 200 Units of Output at a Total

question 125

Multiple Choice

A firm is producing 200 units of output at a total cost of $1000. The firm's average variable cost equals $4 per unit. What does the total fixed cost equal?

• A) $2
• B) $200
• C) $800
• D) $1000

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Definitions:

Enter a Record

The process of inputting new data or an item into a database table.

Long Data Type

A type of data storage format in programming that allows for the storage of integer numbers larger than those held by standard integer data types.

Comments Field

A field in a database or form that allows users to enter or view remarks or explanations.

Hedge

An investment strategy used to reduce the risk of adverse price movements in an asset.