Total Costs Are $80 000 When 8000 Units Are Made

question 84

Multiple Choice

Total costs are $80 000 when 8000 units are made. Of this amount, variable costs are $48 000. What are the total costs when 10 000 units are produced?

• A) $ 92 000
• B) $ 98 000
• C) $100 000
• D) $108 000

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Definitions:

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, indicating the same level of satisfaction or utility for each bundle.

Budget Line

A diagram that represents all the possible pairs of two commodities that a buyer can afford, taking into account their budget and the pricing of these commodities.

Indifference Curves

Graphical representations used in microeconomics to illustrate different combinations of two goods that provide the same level of utility to a consumer.

Chardonnay

A variety of green-skinned grapes used in the production of white wine, characterized by its versatility and flavor profile.