A Firm Is Producing 1,000 Units of Output for Which

question 45

Multiple Choice

A firm is producing 1,000 units of output for which the average variable cost of production equals 50 cents.The firm's total fixed costs equal $700.The total cost of producing 1,000 units of output equals:

• A)$700.
• B)$500.
• C)$1,000.
• D)$1,200.
• E)$1,700.

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Definitions:

Best Friends

Best friends are individuals who share the closest possible friendship, marked by strong bonds of loyalty, trust, and mutual affection.

Confidants

Individuals with whom one shares personal information or secrets, trusted friends or advisers.

Hostile Siblings

Brothers or sisters who show aggression, competition, or animosity towards each other, potentially impacting family dynamics.

Resentful

Characterized by feelings of bitterness or indignation due to perceived unfair treatment or actions.