Given the Total Cost Function TC = 2,000 + 2Q

question 105

Multiple Choice

Given the total cost function TC = 2,000 + 2Q, when output is 1,000 units average total cost is ________ and total fixed cost is ________.

• A)$2; $2
• B)$4; $2
• C)$4; $2,000
• D)$4,000; $2,000

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Definitions:

Impersonal Journalism Style

A reporting approach that emphasizes objectivity, factual reporting, and a detached tone, avoiding personal bias or opinion.

Formal Business Report

A structured document that presents information and analysis to assist in business decision-making, often following a standardized format.

Second-Person Pronouns

Pronouns that refer directly to the reader or listener, typically "you," "your," and "yours," used to address the audience directly.

Formal Writing Style

A style of writing that follows specific conventions and is used in professional, academic, or official contexts.