Scenario 14-2 Assume a Certain Firm Is Producing Q = 1,000 Units

question 64

Multiple Choice

Scenario 14-2
Assume a certain firm is producing Q = 1,000 units of output.At Q = 1,000,the firm's marginal cost equals $20 and its average total cost equals $25.The firm sells its output for $30 per unit.
-Refer to Scenario 14-2.At Q = 999,the firm's total cost amounts to

• A) $24,970.
• B) $24,975.
• C) $24,980.
• D) $25,025.

---

Definitions:

Indefinitely Sustained

A condition or process capable of continuing or being maintained for an unlimited time without detriment or decline.

Biologists

Scientists who study living organisms and their relationship to the environment.

Nature

Encompasses the natural world, including plants, animals, the landscape, and other features and products of the earth, as opposed to human creations.

Limiting Abiotic Factors

Non-living environmental elements that restrict the growth, distribution, or abundance of organisms, such as temperature, water availability, and nutrients.