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:

Scenario Planning

A strategic planning method used by organizations to make flexible long-term plans based on anticipating possible future scenarios and their impacts on business.

HR Demand

The need within an organization for human resources to fill specific roles or accomplish tasks.

Human Resources Forecasting

Estimating future HR requirements and availabilities, considering factors such as organizational growth, technological advances, and economic trends, to align workforce planning with strategic goals.

Validity And Reliability

Criteria used to evaluate the accuracy (validity) and consistency (reliability) of a research method or measurement tool.