The Following Table Shows the Cost of Producing Different Units

question 2

Multiple Choice

The following table shows the cost of producing different units of ball point pens by a firm. Table 21.1
According to Table 21.1, the total fixed cost of the firm equals:

• A)$18.
• B)$10.
• C)$2.
• D)$12.
• E)$8.

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Definitions:

Operating Cycles

The period of time it takes for a company to purchase inventory, sell it, and convert the sale into cash.

Property Development

The process of planning, investing in, and building projects on real estate property, including commercial, residential, and industrial projects.

Manufacturing

The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.

Current

Pertains to the present time or most recent period.