In Problem 2, If Mr

question 8

Multiple Choice

In Problem 2, if Mr. Dent Carr's total costs were 4s² + 40s + 20, then if he repairs 10 cars, his average variable costs will be

• A) $120.
• B) $82.
• C) $160.
• D) $80.
• E) $60.

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Definitions:

Demand Shock

A sudden event that significantly alters demand for goods or services, either positively or negatively, in an economy.

Supply Shock

An unexpected event that suddenly changes the supply of a product or commodity, leading to sudden price changes and/or shifts in the market.

Dollar-Yen Exchange Rate

The rate at which one can exchange US dollars for Japanese yen, indicating the value of one currency in terms of the other.

Japanese Producer

A Japanese Producer refers to a company or individual involved in the manufacturing or production sector within Japan, known for its automotive, electronics, and technology industries.