The Table Below Shows Output,marginal Cost,and Average Variable Cost for the Production

question 96

Multiple Choice

The table below shows output,marginal cost,and average variable cost for the production of pairs of shoes.All costs are in dollars.
TABLE 7-6
-Refer to Table 7-6.Suppose there are no fixed costs.The firm reaches it's capacity level of output when its output is equal to ________ units.

• A)50
• B)110
• C)150
• D)190
• E)210

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Definitions:

Proprietor's Income

Represents the earnings of the owner of a business, factoring in revenue minus expenses and taxes.

Unincorporated Enterprises

Businesses that are not legally separated from their owners, meaning the owner is personally liable for the debts of the business.

Corporate Executives

High-ranking officials within a corporation, responsible for making strategic decisions.

Total Income

The sum of all earnings or revenue received by an individual or an entity, including wages, profits, rents, and other forms of earnings.