To Produce a Firm's Current Output Level,total Cost Is $600,and

question 76

Multiple Choice

To produce a firm's current output level,total cost is $600,and the total variable cost is $450.Therefore,the firm has

• A)a marginal cost of $150
• B)sunk costs of $150
• C)a marginal cost of $1,450
• D)total fixed cost of $1,450
• E)total fixed cost of $150

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Definitions:

Office Building

A structure designed for and occupied by one or more businesses or professionals.

New Equipment

Newly purchased or manufactured tools, machinery, or other apparatus intended for use in various industries or businesses.

Cost Recovery Deduction

A tax deduction that allows taxpayers to recover the cost of property or assets over time through depreciation or amortization.

§179 Expense

A section of the U.S. tax code that allows businesses to deduct the full purchase price of qualifying equipment and/or software within a tax year.