Table 9-1 Table 9-1 Shows the Short-Run Cost Data of a Perfectly

question 232

Multiple Choice

Table 9-1
$\begin{array}{|c|c|c|}\hline \text { Quantity } & \begin{array}{c}\text { Total Cost } \\\text { (dollars) }\end{array} & \begin{array}{c}\text { Variable Cost } \\\text { (dollars) }\end{array} \\\hline 0 & \$ 1,000 & \$ 0 \\\hline 100 & 1,360 & 360 \\\hline 200 & 1,560 & 560 \\\hline 300 & 1,960 & 960 \\\hline 400 & 2,760 & 1,760 \\\hline 500 & 4,000 & 3,000 \\\hline 600 & 5,800 & 4,800 \\\hline\end{array}$ Table 9-1 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 9-1.What is the fixed cost of production?

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

---

Definitions:

Group's Pressures

The influence exerted by a group on its members to conform to its norms and expectations, which can impact individual behavior and decisions.

Whistleblowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization by someone inside that organization.

Bad Example

A model of behavior that is considered negative or undesirable for others to emulate.

Company Expense

Refers to the costs or charges that a company incurs as part of its operational activities, often related to its core business functions.