A Firm Has a Fixed Cost of $500 in Its

question 492

Multiple Choice

A firm has a fixed cost of $500 in its first year of operation. When the firm produces 100 units of output, its total costs are $3,500. When it produces 101 units of output, its total costs are $3,750. What is the marginal cost of producing the 101st unit of output?

• A)$250
• B)$275
• C)$340.91
• D)$350

Comprehend diversification analysis and its importance in seeking growth opportunities from current and new markets as well as products.

Grasp the strategic marketing process, including planning, implementation, and evaluation phases.

Understand the basic principles of motivation theories and their applications in a work environment.

Identify and apply the key components of expectancy theory to motivate team members.

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Definitions:

Prospectus

A document giving details about a company and its business activities, used to inform potential investors.

Gender Roles

The set of societal norms dictating what types of behaviors are generally considered acceptable, appropriate, or desirable for people based on their actual or perceived sex.

Heterosexuals

Individuals who are sexually attracted to people of the opposite sex.

Egalitarian

Pertaining to the belief in or practice of equal rights and opportunities for all people, often within a social, political, or economic context.