The Table Given Below Shows the Total Fixed and Variable

question 97

Multiple Choice

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

-According to Table 8.3, the firm's marginal cost is equal to its average total cost at _____ unit(s) of output.

• A)1
• B)3
• C)4
• D)5

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Definitions:

Net Operating Income

A company's total profit from its operations, excluding non-operating income and expenses, such as taxes and interest.

Total Sales Dollars

The complete amount of revenue generated by a company from sales activities within a specific period, measured in currency.

Contribution Format

A type of income statement format that separates fixed and variable costs, emphasizing the contribution margin.

Income Statement

A financial report detailing a company's income, costs, and gains for a given time frame.