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:

One Bit

The smallest unit of data in computing, representing a 0 or 1, used in digital communications and processing.

Serial Transmission

The process of sending data one bit at a time, sequentially, over a communication channel or computer bus.

Over 50 Feet

A term indicating a distance or length measurement, possibly referring to considerations in wiring or signal transmission in industrial settings.