What Is the Unit Cost of a Product If the Firm

question 35

Multiple Choice

What is the unit cost of a product if the firm expects to sell 100,000 units,fixed costs being $1 million,and variable cost per unit being $20?

• A)$30
• B)$35
• C)$40
• D)$45

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Definitions:

Family Health History

A record of diseases and health conditions present in a person's family, which can indicate an increased risk of similar conditions.

Heredity

The passing of traits from parents to offspring through genes.

Genetic Traits

Characteristics that are inherited from our parents through genes, influencing various aspects of our physical and behavioral traits.

Etiology

The study of the causes or origins of diseases and disorders, understanding how they develop.