Scenario 13-16 A Certain Firm Produces and Sells Staplers. Last Year, It

question 230

Multiple Choice

Scenario 13-16
A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the 7,000 staplers, it incurred variable costs of $28,000 and a total cost of $45,000.
-Refer to Scenario 13-16.In producing the 7,000 staplers,the firm's average fixed cost was

• A) $1.00.
• B) $1.32.
• C) $2.21.
• D) $2.43.

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Definitions:

Objective Knowledge

Knowledge that results from research and scientific activities.

Organizational Behavior

The study of how individuals and groups act within organizations and how these entities interact with their environment.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, and genetics.

Objective Knowledge

Refers to factual, unbiased information based on observable phenomena and derived through a methodical and verifiable approach.