Scenario 13-5 A Certain Firm Produces and Sells Staplers. Last Year, It

question 282

Multiple Choice

Scenario 13-5
A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the 7,000 staplers, it incurred variable costs of $28,000 and a total cost of $45,000.
-Refer to Scenario 13-5.The firm's fixed costs amounted to

• A)$7,000.
• B)$17,000.
• C)$28,000.
• D)$42,000.

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Definitions:

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