A Firm Is Producing 200 Units of Output at a Total

question 12

Multiple Choice

A firm is producing 200 units of output at a total cost of $1,000.The firm's average variable cost equals $4 per unit.Total fixed cost:

• A)equals $1,000.
• B)equals $800.
• C)equals $200.
• D)equals $2.
• E)cannot be determined from the information provided.

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Definitions:

Clinical Psychology

A branch of psychology that focuses on diagnosing and treating mental, emotional, and behavioral disorders.

Constructs

Theoretical concepts or variables that are devised to understand and explain psychological phenomena or behaviors.

Behavior

Actions or reactions of an individual in response to external or internal stimuli.

Months

The twelve named periods into which a year is divided.