Use the Following to Answer Questions -(Table: Total Cost Data)Use Table: Total Cost Data

question 27

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Total Cost Data }\\\begin{array} { c c c } \hline \begin{array} { c } \text { Quantity of } \\\text { Output }\end{array} & \begin{array} { c } \text { Variable } \\\text { Cost } \\( \text { VC) }\end{array} & \begin{array} { c } \text { Total Cost } \\( \boldsymbol { T C } ) \end{array} \\\hline 0 & \$ 0 & \$ 50 \\1 & 50 & 100 \\2 & 70 & 120 \\3 & 100 & 150 \\4 & 140 & 190 \\5 & & 240 \\6 & 250 & 300 \\7 & 320 & 370 \\\hline\end{array}\end{array}$$
-(Table: Total Cost Data) Use Table: Total Cost Data.What is the fixed cost for this bicycle firm?

• A) $40
• B) $50
• C) $100
• D) $70

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Definitions:

Eocene

The Eocene is a geological epoch that lasted from about 56 to 33.9 million years ago, during which warm climates prevailed and early mammals diversified following the extinction of the dinosaurs.

Continental Drift

The theory that the Earth's continents have moved over geological time relative to each other, thus appearing to have "drifted" across the ocean bed.

Earth's Surface

The outermost layer of the Earth comprised of land and water where various life forms exist.

Plate Tectonics

A scientific theory explaining the movement of the Earth's lithospheric plates on the asthenosphere, causing continental drift, earthquakes, volcanoes, and the formation of mountains.