Suppose That a Firm Is Currently Producing 1,000 Units of Output

question 383

Multiple Choice

Suppose that a firm is currently producing 1,000 units of output. At this level of output, AVC is $1 per unit, and TFC is $500. What is the firm's TC?

• A) $1,500
• B) $1,000
• C) $501
• D) $499

---

Definitions:

Generate

To bring into existence; to produce or create something, often through a process of thought, discussion, or physical action.

Frustration Awareness

The recognition and understanding of feelings of frustration, including its sources and effects on behavior and mood.

Aftermath

The consequences or effects that follow a significant event or situation.

Middle

Relating to the intermediate point or position in a sequence, series, or progression.