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:

Truth Tables

A tool in logic and mathematics used to determine whether a proposition is true or false under all possible conditions.

Truth Value

The attribute of a proposition that determines whether it is true or false.

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Representation of ideas, concepts, or instructions in a set of symbols or a symbolic language.

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Pieces or parts that when combined form a complete unit or system, each serving a specific role within the whole.