The Following Table Shows the Total Output, Number of Workers

question 254

Multiple Choice

The following table shows the total output, number of workers employed, variable costs, and fixed costs of a firm.

-Refer to the table above.What is the average fixed cost of producing 110 units of the good?

• A) $1.36
• B) $1.72
• C) $37.50
• D) $150

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Definitions:

Observations

The action or process of carefully watching something or someone, often used in research to collect data about the subject.

Interviews

A qualitative research method involving direct, often face-to-face conversation between an interviewer and interviewee to gather detailed information and personal perspectives.

Case Studies

Research method involving an up-close, in-depth, and detailed examination of a particular case or cases, within a real-world context.

Behavior

The actions or reactions of an organism, often in response to its environment or stimuli.