The Wacky Widget Company Has Total Fixed Costs of $100,000

question 287

Multiple Choice

The Wacky Widget company has total fixed costs of $100,000 per year. The firm's average variable cost is $10 for 10,000 widgets. At that level of output, the firm's average total costs equal

• A)$10
• B)$15
• C)$20
• D)$25

Understand how interest rates affect savings and borrowing choices.

Understand the purposes and features of different financial services and products, such as certificates of deposit, asset management accounts, and trust accounts.

Recognize the role and impact of financial regulations, such as the Truth in Savings law.

Comprehend the advantages of credit unions over other financial institutions.

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Definitions:

Retroflexion

A condition or posture where an organ is bent backward on itself, creating an angle with its usual axis.

Anteversion

A position where an organ, such as the uterus, is tilted forward.

Retroversion

A condition where an organ, such as the uterus, is tilted backward instead of its normal position.

Episiotomy

A surgical cut made in the perineum (the area between the vagina and the anus) to widen the vaginal opening for childbirth.