Brady Industries Has Average Variable Costs of $1 and Average

question 178

Multiple Choice

Brady Industries has average variable costs of $1 and average total costs of $3 when it produces 500 units of output. The firm's total fixed costs equal

• A)$2.
• B)$4.
• C)$1,000.
• D)$2,000.

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Definitions:

Tardiness

The act of being late or delaying arrival beyond the expected or scheduled time.

Vertical Loading

Enhancing a job by adding more meaningful tasks and responsibilities that increase the workers' autonomy and control over their work.

Pre-work

Tasks or preparations completed before the start of a primary activity or project to ensure its smooth execution and success.

Enlarge

The act or process of increasing in size, volume, scope, or capacity.