If Average Fixed Costs Equal $60 and Average Total Costs

question 214

Multiple Choice

If average fixed costs equal $60 and average total costs equal $120 when output is 100, the total variable cost must be

• A) $40.
• B) $60.
• C) $6,000.
• D) $8,000.

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Definitions:

Leadership Styles

These are approaches and methods used by leaders to motivate, guide, and manage groups of people, varying widely from authoritarian to democratic and transformative styles.

Interpersonal

Pertaining to or involving relations between people; often refers to skills in engaging and communicating with others.

Democratic

Pertaining to a system of government or organization where decisions are made by the majority or through elected representatives.

Life Span Developmental

The study of how individuals grow and change from infancy through old age, encompassing physical, cognitive, and socioemotional development.