Sea Side Enterprises Is Trying to Predict the Cost Associated

question 41

Multiple Choice

Sea Side Enterprises is trying to predict the cost associated with producing its anchors. At a production level of 5300 anchors, Sea Side Enterprises average cost per anchor is $54. If $18,000 of the costs are fixed, and the plant manager uses the cost equation to predict total costs, her forecast for 9000 anchors will be (Round any intermediary calculations to the nearest cent.)

• A)$54,000
• B)$286,200
• C)$486,000
• D)$473,400

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Definitions:

Glass-Steagall Act

A law enacted in 1933 to separate commercial banking from investment banking, aimed at reducing conflicts of interest and preventing future financial crises.