If the Total Cost of Producing 20 Units of Output

question 167

Multiple Choice

If the total cost of producing 20 units of output is $1,000 and the average variable cost is $35, what is the firm's average fixed cost at that level of output?

• A)$65
• B)$50
• C)$15
• D)It is impossible to determine without additional information.

---

Definitions:

Superego

In psychoanalytic theory, the part of the personality that represents internalized ideals, morals, and societal norms, guiding behavior through conscience.

Ego

In psychoanalytic theory, the part of the psyche that mediates demands from the id, superego, and reality.

Id

A component of Sigmund Freud's model of the psyche that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

Self-Efficacy

One’s sense of competence and effectiveness.