In the Table Below,the Capital Stock Is Fixed at 40

question 24

Multiple Choice

In the table below,the capital stock is fixed at 40 units,the price of capital is $15 per unit,and the price of labor is $80 per unit. If the firm produces 40 units of output,what is average fixed cost?

• A)$7.50
• B)$25
• C)$120
• D)$600
• E)none of the above

Recognize differences and similarities between IFRS and GAAP in accounting practices.

Understand the concept and application of double-entry accounting worldwide.

Know the proper treatment of business transactions (increases and decreases) in the double-entry system.

Understand the effects of business transactions on the accounting equation.

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Definitions:

Assertive

The quality of being confident and direct in claiming one's rights or putting forward one's opinions without being aggressive.

Unassertive

A behavioral characteristic in which an individual tends to be passive or submissive, often failing to express their own opinions or needs.

Interpersonal Conflict

A disagreement or clash between individuals due to differing opinions, values, or interests.

Conflict Management

The process of identifying and addressing differences that have the potential to escalate into disputes, in a constructive manner.