Below Is a Chart of Costs for an Agribusiness Firm

question 51

Multiple Choice

Below is a chart of costs for an agribusiness firm that produces beef (lbs) .
$\begin{array}{llcccccc} \underline{\mathrm{Y}} & \underline{\text { TFC }} & \underline{\text { TVC }}& \underline{\text { TC }} & \underline{\text { ATC }} & \underline{\text { AVC }} & \underline{\text { MC }} \\0 &10&0&10&--&--&--\\1 & 10 & 10 & 20 &\underline {\quad} & 10&\underline {\quad}\\2 & \underline {\quad} & \underline {\quad} & \underline {\quad} & 14& 9 &8 \\3 & 10 & 24 & 34 & 11.3 & 8 & 6 \\4 & \underline {\quad} &\underline {\quad} & \underline {\quad} & \underline {\quad} &\underline {\quad} & 8\end{array}$
-What are the units for TFC?

• A) lbs
• B) $
• C) lb/$
• D) $/lb

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Definitions:

Sponges

Simple aquatic animals belonging to the phylum Porifera, characterized by their porous bodies that filter nutrients from water.

Geological Eon

A major division of geological time, lasting billions of years, that divides Earth's history into significant phases.

Archean

A geological eon extending from about 4.0 to 2.5 billion years ago, characterized by the formation of the Earth's first stable continental crust.

Hadean

The earliest eon in Earth's history, marked by extreme heat and uninhabitable conditions, spanning from about 4.6 to 4 billion years ago.