-Figure 7-7 Shows a Firm's Total Variable Cost for Different

question 125

Multiple Choice

-Figure 7-7 shows a firm's total variable cost for different daily output levels.In addition,the firm has total fixed cost of $50 per day.If output increases from 20 to 30 units,average total cost rises from

• A)$17.50 to $19.17,and marginal cost is $225.00
• B)$400 to $625,and marginal cost is $225.00
• C)$15.00 to $22.50,and marginal cost is $22.50
• D)$20.00 to $20.83,and marginal cost is $22.50
• E)$20.00 to $20.83,and marginal cost is $225.00

---

Definitions:

Primary Responsibility

The main duty or obligation that an individual or organization is expected to perform or fulfill.

Participative Procedure

A method or process that involves the input and active participation of all stakeholders or members in decision-making or problem-solving.

Formal Procedure

A set of established forms or methods for conducting the affairs of an organization or achieving a specific objective.

Empowerment

The process of giving individuals or groups the authority, resources, and confidence to take control of their own actions and decisions, typically aiming to increase their effectiveness and autonomy.