If Total Costs Are $90,000 at an Output of 12,000

question 49

Multiple Choice

If total costs are $90,000 at an output of 12,000 units and $105,000 at 15,000 units, fixed costs are:

• A)$15,000.
• B)$10,000.
• C)$5,000.
• D)$20,000.

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Definitions:

Treaty of Paris

A historic agreement signed to end a conflict or war, notable instances include the 1783 treaty ending the American Revolutionary War and the 1814-1815 treaties following the Napoleonic Wars.

Whigs

A political faction and then a political party in the parliaments of England, Scotland, Great Britain, Ireland, and the United Kingdom, notably supporting the supremacy of Parliament over the monarchy.

Treaty of Paris (1763)

This treaty ended the French and Indian War/Seven Years' War between Great Britain and France, resulting in France ceding Canada and land east of the Mississippi River to Britain.