Complete Table 21 $$\text { Table } 21.5$$ Total Fixed Costs in Table 21

question 97

Multiple Choice

Complete Table 21.5:
$$\begin{array}{l}\begin{array} { l ll l l l } Q&TFC&TVC&TC&AVC&MC\\0&\_\_\_\_\_&\_\_\_\_\_&15&--&--\\1&\_\_\_\_\_&\_\_\_\_\_&23&\_\_\_\_\_&\_\_\_\_\_\\2&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_&4\\3&\_\_\_\_\_&15&\_\_\_\_\_&\_\_\_\_\_&\_\_\_\_\_\end{array}\end{array}$$
$$\text { Table } 21.5$$ Total fixed costs in Table 21.5 are equal to

• A) $0 because the problem involves the long run.
• B) $15.
• C) $30.
• D) $60.

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Definitions:

Right Decisions

Choices or judgments that lead to the most positive outcome based on ethical, practical, or personal considerations.

Informal Child Care

Child care that is provided by relatives, friends, or neighbors, not through formal settings such as daycare centers or professional caregivers.

Home Child Care

Child care provided in the child’s own home, primarily by a grandmother or other family member, while the parents are at work.

Family Child Care

Child care provided in the home of a relative or someone else.