If Average Total Cost Is $50 and Average Fixed Cost

question 79

Multiple Choice

If average total cost is $50 and average fixed cost is $15 when output is 20 units, then the firm's total variable cost at that level of output is

• A)$1,000.
• B)$700.
• C)$300.
• D)impossible to determine without additional information.

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Definitions:

Cognitive Appraisal

The process by which an individual evaluates and interprets a situation, determining its significance for their well-being.

Two-Factor Theory

A psychological theory that proposes emotion is based on two factors: physiological arousal and cognitive label.

Cannon-Bard Theory

The theory that an emotion-arousing stimulus simultaneously triggers (1) physiological responses and (2) the subjective experience of emotion.

Psychological State

The current state of an individual's mental and emotional condition at a given time.