Suppose a Firm Is Producing 10 000 Units of Output

question 100

Multiple Choice

Suppose a firm is producing 10 000 units of output.At this level of output,average total cost is $200 and average fixed cost is $20.It can be concluded that total variable cost is

• A)$180.
• B)$1800.
• C)$18 000.
• D)$180 000.
• E)$1 800 000.

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Definitions:

Semiconductor Manufacturer

A semiconductor manufacturer is a company involved in the fabrication of semiconductor devices, essential components in electronic devices.

Management's Approval

An endorsement or sanction by the managerial level of an organization for a proposal, plan, or action.

Drafting

The process of drafting refers to creating preliminary versions of documents or designs.

Outline

A general description or plan showing the essential features of something but not the detail.