If Average Total Cost Is $50 and Average Fixed Cost

question 79

Multiple Choice

If average total cost is $50 and average fixed cost is $15 when output is 20 units, then the firm's total variable cost at that level of output is

• A)$1,000.
• B)$700.
• C)$300.
• D)impossible to determine without additional information.

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Definitions:

Boreal Forest

A dense forest found in high Northern latitudes, primarily consisting of conifers and known for its cold, harsh climates.

Coniferous Forest

A terrestrial biome characterized by evergreen trees with needles or scales, primarily found in northern latitudes or higher altitudes.

Steppe

A vast, treeless plain characterized by its grassy cover, often found in southeastern Europe or Siberia, which supports a variety of animals adapted to open and semi-arid environments.

Taiga

also known as the boreal forest, is a biome characterized by coniferous forests spanning across northern parts of North America, Europe, and Asia.