O'Connor Lamp Factory Has Total Fixed Costs of $4,500

question 34

Multiple Choice

O'Connor Lamp Factory has total fixed costs of $4,500.O'Connor Lamp Factory's average variable cost per lamp is $30 and its average total cost is $45.O'Connor Lamp Factory sells each lamp for $100.How many lamps is O'Connor Lamp Factory currently manufacturing?

• A) 200 lamps
• B) 250 lamps
• C) 300 lamps
• D) a number of lamps that is indeterminate from this information

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Definitions:

Porosity

The measure of how much of a rock is open space, which can store fluids such as water, oil, or gas.

Aquifer

A body of permeable rock that can contain or transmit groundwater.

Groundwater Flow

The movement of water through the subsurface soil and rocks, primarily driven by gravity and pressure differences.

Permeability

Permeability is a measure of the ability of a porous material (such as rock or soil) to allow fluids to pass through it.