The Following Table Shows the Total Output, Number of Workers

question 100

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 total cost of producing 160 units of the good?

• A) $0.50
• B) $0.93
• C) $1.44
• D) $2

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Definitions:

Discount

Generally a reduction in price or value. In finance, a reduction in the present value of a future sum due to the action of interest.

Net

Refers to the amount remaining after all deductions are made, such as taxes, expenses, and costs.

Short-Term Debt

Debts due for payment within the next fiscal year.

Financing

The act of providing funds for business activities, making purchases, or investing, through various means such as loans, equity, credits, or grants.