Refer to Table 8

question 56

Multiple Choice

Refer to Table 8.1.Assume the wage rate is $10 and the firm has $1,000 in unavoidable fixed cost.What is the average cost of producing 65 units of output?

• A) $40
• B) $15.38
• C) $0.50
• D) $16

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Definitions:

External Recruitment

The process of filling job vacancies within an organization by hiring individuals from outside the organization.

Campus Recruitment

The process by which companies visit educational institutions to recruit students and recent graduates directly into entry-level positions.

Selection Process

The series of steps taken by an organization to assess and choose candidates for employment.

Job Applicants

Individuals who apply for a specific job vacancy, seeking employment within an organization.