The Table Given Below Shows the Total Fixed and Variable

question 12

Multiple Choice

The table given below shows the total fixed and variable costs of a firm. Table 7.3

- If the firm described in Table 7.3 decides to produce nothing,which of the following would be true?

• A)Total cost will become zero.
• B)Total variable cost will become $30.
• C)Total cost will equal $40.
• D)Average total cost will equal zero.
• E)Marginal cost will equal $10.

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Definitions:

Proportion

A part, share, or number considered in comparative relation to a whole.

Insulin Deficiency

A medical condition where the body produces insufficient amounts of insulin, affecting blood sugar regulation.

Diabetes Mellitus

A disorder caused by insulin deficiency.

Pancreatitis

An inflammation of the pancreas, often caused by gallstones or excessive alcohol consumption, leading to abdominal pain.