Multiple Choice
At 1,000 units of output, total cost is $42,000 and total variable cost is $34,000. At 1,000 units of output, what is the value of average total cost, average variable cost, and average fixed cost, respectively?
A) $22; $14; $8
B) $42; $34; $8
C) $4.20; $3.40; $0.80
D) $340; $740; $60
E) $42; $34; There is not enough information provided to determine the average fixed cost.
Correct Answer:
Verified
Correct Answer:
Verified
Q196: Exhibit 21-4<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 21-4
Q197: Exhibit 21-13<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 21-13
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Q205: Exhibit 21-8<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 21-8
Q206: Exhibit 21-14<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 21-14