Given the Table Below,what Is Average Fixed Cost When 300

question 85

Multiple Choice

Given the table below,what is average fixed cost when 300 units of output are produced?

• A)$0.60
• B)$3.00
• C)$160
• D)$500
• E)none of the above

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Definitions:

Optimal Risky Portfolio

The combination of investments that provides the highest expected return for a given level of risk or the lowest risk for a given level of expected return.

Expected Utility

A theory in economics that assesses the utility or satisfaction an agent expects to receive from different outcomes, taking into account their risk preferences.

Less Risk-averse Investors

Less risk-averse investors are those willing to take on greater risks for the potential of higher returns, as opposed to being risk-averse who prefer safer, lower-return investments.

Probability Distribution

A mathematical description of the likelihood of various outcomes from a random event or experiment.