Imagine That You Are an Entrepreneur,making Designer T-Shirts in Your

question 86

Multiple Choice

Imagine that you are an entrepreneur,making designer t-shirts in your garage.Your accountant has estimated that your firm's total costs can be expressed by the function TC = 300 + 10 × Q,where Q represents the number of t-shirts you make.
Given the total cost function TC = 2,000 + 2 × Q,when output is 1,000 units average total costs are __________ and total fixed costs is __________.

• A)$2;$2
• B)$4;$2
• C)$4;$2,000
• D)$4,000;$2,000

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