The Table Given Below Shows the Total Fixed and Variable

question 66

Multiple Choice

The table given below shows the total fixed and variable costs of a firm.Table 8.3

-In Table 8.3, the average fixed cost of the first unit of output is ____ while the average fixed cost of producing 8 units of output is ____.

• A)$30; $40
• B)$40; $5
• C)$40; $40
• D)$40; $280
• E)$40; $320

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Definitions:

Admiralty Cases

refer to legal cases dealing with maritime law and disputes related to maritime activities, including shipping, navigation, and oceanic matters.

Federal Question

A legal issue involving the interpretation of the U.S. Constitution, federal laws, or treaties, which gives federal courts jurisdiction.

Amount in Controversy

The monetary threshold or total value of damages being sought or contested in a legal case, which can determine the jurisdiction or venue.

Concurrent Jurisdiction

A situation where two or more courts have the simultaneous authority to hear and decide on the same case or issue.