The Table Given Below Shows the Total Fixed and Variable

question 42

Multiple Choice

The table given below shows the total fixed and variable costs of a firm. Table 7.3
In Table 7.3, 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:

Pat Buchanan

An American political commentator, author, and politician known for his conservative views.

Ralph Nader

An American political activist, author, lecturer, and attorney noted for his involvement in consumer protection, environmentalism, and government reform movements.

Anita Hill

An American lawyer and academic, known for accusing U.S. Supreme Court nominee Clarence Thomas of sexual harassment in 1991.

Clarence Thomas

An Associate Justice of the Supreme Court of the United States, nominated by President George H.W. Bush, and known for his conservative judicial philosophy.