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:

Career Stage Model

A framework that outlines the various phases an individual goes through in their professional life, from entry to retirement.

Coaching

A development process where an individual, often a manager or mentor, guides another individual or group to achieve their personal or professional goals.

Career Stage Model

A framework that describes the various phases individuals go through in their working lives, from initial entry into the workforce through potential retirement.

Withdrawal Stage

The phase where an individual disengages or distances themselves from a situation or relationship.