If the Total Cost of Production for 1000 Widgets Is

question 43

Multiple Choice

If the total cost of production for 1000 widgets is $2000 and marginal cost is constant at $1,what is the average fixed cost for the 1000 widgets?

• A) $2
• B) $1.5
• C) $1
• D) $0.5

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Definitions:

Helping Process

A series of steps taken by social workers or other professionals to assist individuals in resolving issues or improving their situation.

Gains Achieved

The positive results or outcomes that have been realized as a result of specific actions or interventions.

Posttermination Follow-up

The practice of checking in on clients after formal services or therapy has ended to ensure ongoing support and address any emerging needs.

Longitudinal Evaluation

A method of research or assessment that involves observing or examining subjects over a prolonged period to track changes or developments.