The Following Table Shows the Cost of Producing Different Units

question 98

Multiple Choice

The following table shows the cost of producing different units of ball point pens by a firm. Table 7.1

-Refer to Table 7.1.What will be the average fixed cost of producing five ball point pens?

• A)$2
• B)$5
• C)$4
• D)$3.33
• E)$10

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Definitions:

Congress

The legislature of the United States, consisting of two houses: the Senate and the House of Representatives, responsible for making federal laws.

Separation Of Powers

Feature of the U.S. Constitution, sometimes called “checks and balances,” in which power is divided between executive, legislative, and judicial branches of the national government so that no one can dominate the other two and endanger citizens’ liberties.

United States Constitution

The supreme law of the United States of America, originally comprising seven articles, that outlines the national frame of government.

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The organization, or group of organizations, in a society that has the authority to make and enforce laws, policies, and decisions for its citizens.