Use the Above Table and Assume a Fixed Cost of

question 33

Multiple Choice

$$\begin{array} { c c c c c c c } & \text { Variable } & \text { Total } & & & & \text { Marginal } \\\text { Output } & \text { Cost } & \text { Cost } & \text { AFC } & \text { AVC } & \text { ATC } & \text { Cost } \\1 & 400 & & & & & \\2 & 700 & & & & & \\3 & 1,000 & & & & & \\4 & 1,400 & & & & &\end{array}$$ Use the above table and assume a fixed cost of $1000.
-At an output of 4,ATC is

• A)$250.
• B)$400.
• C)$600.
• D)$800.
• E)$1,000.

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Definitions:

Pack-Years

A measure used to quantify the amount of cigarettes smoked over a period, calculated by multiplying the number of packs per day by the number of years the person has smoked.

Tobacco Use

The habitual consumption of tobacco products, including cigarettes, cigars, smokeless tobacco, and other forms, typically associated with health risks such as cancer and heart disease.

Smoking

The inhalation of the smoke of burning tobacco encased in cigarettes, pipes, and cigars, a well-known hazardous habit linked to various diseases.

Thyroid Gland

An endocrine gland located in the neck that produces hormones regulating metabolism, body energy, and the body's use of other hormones and vitamins.