Suppose That a Firm Is Currently Producing 1,000 Units of Output

question 383

Multiple Choice

Suppose that a firm is currently producing 1,000 units of output. At this level of output, AVC is $1 per unit, and TFC is $500. What is the firm's TC?

• A) $1,500
• B) $1,000
• C) $501
• D) $499

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Definitions:

Prenatal Development

The process of growth and development within a mother's womb from conception to birth.

Rubella

Rubella, also known as German measles, is a contagious viral infection notable for its distinctive red rash, primarily a concern due to its serious risk to unborn babies if contracted by pregnant women.

Congenital Malformations

Structural or functional anomalies that occur during intrauterine life and can be identified prenatally, at birth, or later in life.

Vaccine

A biological preparation that provides active acquired immunity to a particular infectious disease.