The Following Costs Were for Optimal View Inc

question 59

Multiple Choice

The following costs were for Optimal View Inc., a contact lens manufacturer:At an output level of 425 lenses, per unit variable cost is calculated to be:

• A) $34.29.
• B) $48.00.
• C) $30.00.
• D) $35.56.
• E) $40.00.

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Definitions:

Bundle

A set of goods or services sold together as a single package.

Revealed Preferences

An economic theory that determines consumer preferences by observing their purchasing behavior rather than through direct inquiry.

Francs

A currency unit formerly used in France and some other countries, and still used in some territories.

Consumption

The process of using goods and services to satisfy wants or needs.