In the Short Run, If Average Variable Costs Equal $45

question 34

Multiple Choice

In the short run, if average variable costs equal $45, average total costs equal $50, and output equals 100, the total fixed costs will equal

• A) $5.
• B) $500.
• C) $1,000.
• D) $5,000.

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Definitions:

Ketones

Organic compounds characterized by the presence of a carbonyl group (C=O) bonded to two other carbon atoms, important in many biochemical processes and industrial applications.

Ethers

A group of organic substances identified by the presence of an oxygen atom linked to two alkyl or aryl groups.

Ester Functional Group

A chemical functional group derived from an acid where at least one –OH (hydroxyl) group is replaced by an –O– (oxy) group.

Ketone Group

A functional group in organic chemistry characterized by a carbon atom double-bonded to an oxygen atom, with two other carbon atoms attached.