The Table Given Below Shows the Total Fixed and Variable

question 58

Multiple Choice

The table given below shows the total fixed and variable costs of a firm. Table 21.3
In Table 21.3, the average fixed cost of the first unit of output is ____ while the average fixed cost of producing 8 units of output is ____.

• A)$30;$40
• B)$40;$5
• C)$40;$40
• D)$40;$280
• E)$40;$320

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Definitions:

Long-Term Oriented

A focus on future rewards and outcomes, valuing long-term benefits over immediate gratification.

Individualistic Culture

A culture characterized by the prioritization of individual goals and rights over those of the group, emphasizing personal achievement and independence.

Terminal Values

The ultimate goals or ends that an individual seeks in life, which guide his or her behavior and decision-making.

Broad-Mindedness

The quality of being open to different ideas, arguments, and cultures, showing willingness to consider diverse perspectives.