(Figure) the Figure Shows the Cost Curves for a Representative

question 108

Multiple Choice

(Figure) The figure shows the cost curves for a representative firm. At an output level of 5 units, the average fixed, variable, and average total costs, respectively, would be

• A) $120; $66.67; $186.67
• B) $40; $80; $120
• C) $66.67; $53.33; $120
• D) $100; $120; $220

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Definitions:

Sympathetic Nervous System

A division of the autonomic nervous system that increases bodily readiness and energy consumption in response to stress.

Autonomic Nervous System

A part of the peripheral nervous system that controls bodily functions not consciously directed, like breathing, the heartbeat, and digestive processes.

Somatic Nervous System

Part of the peripheral nervous system that controls voluntary movements of the body and transmits sensory information to the central nervous system.

Central Nervous System

The part of the nervous system that consists of the brain and spinal cord, responsible for processing and transmitting information.