The Wacky Widget Company Has Total Fixed Costs of $100,000

question 339

Multiple Choice

The Wacky Widget company has total fixed costs of $100,000 per year. The firm's average variable cost is $5 for 10,000 widgets. At that level of output, the firm's average total costs equal

• A)$10
• B)$15
• C)$100
• D)$150

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Definitions:

Feeling

A subjective experience of emotions, reflecting a personal perception of emotions that can vary widely between individuals and situations.

Scapegoat

An individual or group blamed for wrongdoings, mistakes, or faults of others, often as a means of deflecting attention or responsibility.

Victim

A person harmed, injured, or killed as a result of a crime, accident, or other event or action.

Pariah

An individual who is despised or avoided by others; an outcast.