If Fixed Cost Is $5,000,and,at an Output of 3 Variable

question 134

Multiple Choice

If fixed cost is $5,000,and,at an output of 3 variable cost is $4,000,how much is average total cost at an output of 3?

• A)$1,333.33
• B)$3,000
• C)$4,500
• D)$9,000
• E)There is not enough information to determine ATC at an output of 3.

---

Definitions:

Collective Responsibility

Collective responsibility is the doctrine or principle that each member of a group shares responsibility for the actions or outcomes of the group as a whole, emphasizing mutual accountability.

Mediating Variables

Variables that explain the relationship between two other variables, usually serving as an intermediary or mechanism through which an effect occurs.

Heroic Individual Leaders

The concept that leaders are exceptional individuals, possessing unique traits that enable them to influence and direct others effectively, often single-handedly overcoming obstacles.

Dyadic Processes

Interactions and exchanges that occur between two individuals, often in a leadership or partnership context.