A Firm Has an Average Total Cost of $50

question 170

Multiple Choice

A firm has an average total cost of $50.If it sells 20 units of its product at $80 each,what is its profit?

• A) $30
• B) $600
• C) $1,000
• D) $1,600

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Definitions:

Job Analysis

The process of studying and collecting information about the duties, responsibilities, and outcomes of a job.

Job Description

An official document that outlines the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Job Specification

Detailed information regarding the qualifications, skills, experience, and duties required for a specific job position.

Formal Orientation

An organized introduction and training program for new employees to familiarize them with the company policies, procedures, and culture.