-The Table Above Shows a Total Product Schedule

question 256

Multiple Choice

-The table above shows a total product schedule.Suppose that labor costs $20 per worker and fixed costs are $60.The average total cost of producing 80 units equals ________ per unit.

• A) $0.75
• B) $1.00
• C) $1.75
• D) $60
• E) $0.25

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Definitions:

Cash Coverage Ratio

A measure of a company's ability to pay its debt obligations using its operating cash flow.

Quick Ratio

The Quick Ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.