If Total Costs Are $20,000 at an Output of 1,000

question 60

Multiple Choice

If total costs are $20,000 at an output of 1,000 units and $35,000 at an output of 2,500 units,and variable costs are $10 per unit,total fixed costs are:

• A) $15,000
• B) $10,000
• C) $20,000
• D) $25,000

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Definitions:

Validity Rules

Principles or guidelines used to determine the logical correctness of an argument, ensuring that if the premises are true, the conclusion must also be true.

Categorical Syllogisms

A form of reasoning where two premises lead logically to a conclusion, with each statement dealing with categories of things.

Validity Rules

The criteria or guidelines used to determine whether an argument is logically consistent and its conclusions follow from its premises.

Validity Rules

The principles or criteria used to evaluate the soundness of an argument or reasoning process, ensuring that if the premises are true, the conclusion must also be true.