At 10 Units of Output in Table 21

question 25

Multiple Choice

$\begin{array}{l}\begin{array} { | l | r | r | r | r | } \hline \text { Output (units per day) } & 0 & 10 & 20 & 30 \\\hline \text { Total cost (dollars per day) } & \$ 40 & \$ 54 & \$ 62 & \$ 80 \\\hline\end{array}\\\text { Table } 21.2\end{array}$ At 10 units of output in Table 21.2, the total fixed cost is

• A)$44.
• B)$14.
• C)$40.
• D)$54.

---

Definitions:

Investment Portfolios

A collection of financial investments like stocks, bonds, commodities, and cash held by individuals, financial institutions, or organizations.

Risk Averse

A behavioral characteristic of individuals who prefer avoiding losses over acquiring equivalent gains; a preference for certainty over gamble.

Initial Public Offering

The process through which a private company goes public by offering its stocks to the public for the first time.

Investment Banks

Financial institutions that assist individuals, corporations, and governments in raising capital by underwriting or acting as the client's agent in the issuance of securities.