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Mr Hudson Notes That If He Produces 10 Pairs of Shoes

question 158

Multiple Choice

Mr. Hudson notes that if he produces 10 pairs of shoes per day, his average fixed cost (AFC) is $14 and his marginal cost is $8; if he produces 20 pairs of shoes per day, his MC is $15. What is his AFC when output is 20 pairs of shoes per day?

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Definitions:

Schizophrenia

A severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Positive Symptoms

Those symptoms of schizophrenia that indicate the presence of inappropriate behavior, such as hallucinations, delusions, agitation, and inappropriate giggling.

Negative Symptoms

Those symptoms of schizophrenia that reflect the absence of appropriate behavior, such as blank faces, monotonic voices, and motionless bodies.

Rigidity Symptoms

Physical or mental inflexibility characterized by resistance to change, which can manifest in both muscle stiffness in various neurological disorders and cognitive rigidity in mental health conditions.

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