If the Variable Cost of Producing Five Pairs of Shoes

question 317

Multiple Choice

If the variable cost of producing five pairs of shoes is $50 and the variable cost of producing six pairs is $80, which statement is TRUE?

• A) The marginal cost of the sixth pair is $30.
• B) The average total cost of the sixth pair is $13.33.
• C) The fixed cost of producing six pairs is $40.
• D) The total cost of producing five pairs is $130.

---

Definitions:

Electroconvulsive Therapy

Electroconvulsive Therapy (ECT) is a medical treatment most commonly used for patients with severe major depression or bipolar disorder that have not responded to other treatments, involving brief electrical stimulation of the brain while the patient is under anesthesia.

Selective Serotonin Reuptake Inhibitors

Selective serotonin reuptake inhibitors, or SSRIs, are a class of medications commonly used to treat depression and anxiety by increasing serotonin levels in the brain.

Antipsychotics

Medications used to treat psychiatric conditions by helping manage symptoms like hallucinations, delusions, or severe agitation.

Psychotropic Medications

Drugs that affect a person's mental state and are used to treat psychiatric disorders.