Table 12-1 Table 12-1 Shows the Short-Run Cost Data of a Perfectly

question 67

Multiple Choice

Table 12-1

Table 12-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 12-1.What is the fixed cost of production?

• A)$0
• B)$500
• C)$1,000
• D)It cannot be determined.

---

Definitions:

Individual Motivations

Personal drives or reasons that propel people to act or behave in certain ways, shaped by desires, goals, and values.

Dominate

To dominate means to have a commanding influence or control over something or someone.

Instinct Theories

Psychological theories suggesting that certain behaviors are innate and driven by evolutionary pressures.

Social Psychologists

Scientists who study how individuals' thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.