In the Short Run, If Average Variable Cost Equals $50

question 131

Multiple Choice

In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cost must be

• A) $25.
• B) $2,500.
• C) $5,000.
• D) $7,500.

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Definitions:

Chief Financial Officer

The Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company, overseeing financial planning, and reporting on financial performance.

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A federal agency responsible for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges.

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An external audit is conducted by an independent firm or individual to examine an organization's financial records and operations to ensure the accuracy and integrity of its financial statements.