Scenario 12-16 A Certain Firm Produces and Sells Staplers.Last Year,it Produced 7,000

question 450

Multiple Choice

Scenario 12-16
A certain firm produces and sells staplers.Last year,it produced 7,000 staplers and sold each stapler for $6.In producing the 7,000 staplers,it incurred variable costs of $28,000 and a total cost of $45,000.
-Refer to Scenario 12-16.In producing the 7,000 staplers,the firm's average fixed cost was

• A) $1.00.
• B) $1.32.
• C) $2.21.
• D) $2.43.

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Definitions:

Quality Control

The processes and procedures put in place to ensure that products or services meet certain standards and criteria of quality.

Concurrent Quality Control

Quality control applied to work in progress.

Inferential Statistics

A branch of statistics that makes predictions or inferences about a population based on a sample of data.

Statistical Analysis

The collection, examination, interpretation, presentation, and organization of data using statistical methods and techniques.