Suppose a Firm Is Producing 100 Units of Output,incurring a Total

question 41

Multiple Choice

Suppose a firm is producing 100 units of output,incurring a total cost of $10 000 and total variable cost of $6000.It can be concluded that average fixed cost is

• A)$40.
• B)$60.
• C)$100.
• D)$160.
• E)$4000.

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Definitions:

Flashbacks

Sudden and intense memories of past experiences, often traumatic, that invade the present consciousness, making the person feel as if they're reliving the past.

Narcotic

A drug affecting mood or behavior and sold for nonmedical purposes, often used to induce sleep or relieve pain.

Heroin

An opioid drug derived from morphine, highly addictive, and illegal, often used for its euphoric effects.

Cocaine

A powerful and addictive stimulant drug derived from the coca plant, which directly affects the brain’s reward pathways.