The Table Below Shows the Total Cost of Producing Different

question 53

Multiple Choice

The table below shows the total cost of producing different units of a commodity. Table 21.2
From Table 21.2, derive the value of total fixed costs.

• A)$10
• B)$100
• C)$98
• D)$50
• E)$60

---

Definitions:

Requirements of Negotiability

Legal criteria that an instrument must meet to be considered negotiable, allowing it to be transferred from one party to another.

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by a bank and is insured by the Federal Deposit Insurance Corporation (FDIC).

Promissory Note

A written promise to pay a specified amount of money to a designated person or entity by a certain date or on demand.

Maker

The individual or entity that creates or signs a negotiable instrument, committing to pay the specified sum to the holder.