If You Had Fixed Costs of $100,000 and Variable Costs

question 103

Multiple Choice

If you had fixed costs of $100,000 and variable costs of $10,000,in the long run you would stay in business if total revenue were equal to,or greater than

• A)$0.
• B)$10,000.
• C)$100,000.
• D)$110,000.

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Definitions:

Light Waves

Electromagnetic waves that are visible to the human eye, responsible for the sensation of sight.

Object Vanish

A phenomenon or trick where an object appears to disappear from perception, often used in magic or psychological experiments.

Lens Accommodates

The process by which the eye's lens changes shape to focus on objects at different distances.

Weber's Law

A principle in psychology that states the smallest change in a stimulus, such as weight or brightness, that can be detected is a constant proportion of the stimulus level.