menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    ECON MICRO
  4. Exam
    Exam 7: Production and Cost in the Firm
  5. Question
    A Firm Produces 5000 Waterproof Cellphone Cases,which They Sell for $30
Solved

A Firm Produces 5000 Waterproof Cellphone Cases,which They Sell for $30

Question 84

Question 84

Multiple Choice

A firm produces 5000 waterproof cellphone cases,which they sell for $30 each.They have $35,000 in fixed costs and $85,000 in total costs every year.What is the average total cost?


A) $7
B) $10
C) $17
D) $24
E) $27

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q79: The marginal cost curve intersects the average

Q80: The short-run average fixed cost curve is

Q81: The short-run average variable cost curve _<br>A)is

Q83: Total product is defined as _<br>A)a firm's

Q86: Table 7.6<br> <span class="ql-formula" data-value="\begin{array}

Q87: Exhibit 7.4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 7.4

Q89: Which of the following correctly describes the

Q161: The minimum efficient scale for a firm

Q169: If a firm experiencing "economies of scale"

Q207: In the long run, all of a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines