Given the Information in the Table, Total Variable Costs at 9

question 239

Multiple Choice

Given the information in the table, total variable costs at 9 units of production are
$\begin{array}{|l|l|l|l|}\hline \boldsymbol{Q} & \boldsymbol{T C} & \boldsymbol{M C} & \boldsymbol{A V C} \\\hline 0 & 200 & - & - \\\hline 2 & 400 & & 100 \\\hline 5 & 600 & 66.67 & 80 \\\hline 9 & 800 & 50.00 & \\\hline 12 & 1000 & 66.67 & 66.67 \\\hline 14 & 1200 & 100 & 71.43 \\\hline 15 & 1400 & 200 & 80.00 \\\hline\end{array}$

• A) $600.
• B) $450.
• C) $400.
• D) $700.

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Definitions:

Nominal Group Technique

is a structured form of brainstorming that allows individual group members to contribute ideas independently before discussing and ranking them collectively.

Total HR Demand Requirement

The comprehensive quantity of human resources an organization needs to meet its strategic and operational goals.

Short-Run Time Periods

A term commonly used in economics and business planning to describe a timeframe in which the reactions or responses to decision-making are observed.

Independent variables

Variables in research that are manipulated or chosen by the researcher to determine their effects on dependent variables.