A Firm Produces 200 Units of Output at a Total

question 57

Multiple Choice

A firm produces 200 units of output at a total cost of $1,000. The firm's total fixed cost equals $200.The firm's per-unit average variable cost is _____.

• A)$4
• B)$5
• C)$7
• D)$10
• E)$8

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Definitions:

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Intention

An individual's planned course of action or objective.

Duty Ethics

A branch of ethics focused on the duties or moral obligations individuals have towards others, emphasizing the rightness of actions over their consequences.

Rightness

The quality or state of being morally correct, just, or honorable.