-The Above Table Gives Some Production and Cost Information for Flaming

question 104

Multiple Choice

-The above table gives some production and cost information for Flaming Fernando's,a restaurant that sells Fiery Frijoles.What is the total fixed cost of producing 4,500 frijoles?

• A) $1000
• B) $8000
• C) $9000
• D) $2,000
• E) More information is needed to determine the answer.

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Definitions:

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology, assuming efficient use of resources.

New Technology

Innovations in techniques, tools, devices, or methods that improve efficiency, effectiveness, or utility in processes or product outputs.

Radishes

A type of root vegetable known for its peppery flavor and crunchy texture, often used in salads.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on.