Author Question: A firm is producing 1,000 units of output for which the average variable cost of production equals ... (Read 118 times)

tingc95

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A firm is producing 1,000 units of output for which the average variable cost of production equals 50 cents. The firm's total fixed costs equal 700 . The total cost of producing 1,000 units of output equals:
 a. 700.
 b. 500.
 c. 1,000.
  d. 1,200.

Question 2

A group of stocks of individual firms that are placed into one investment pool by an investment company is commonly known as a:
 a. pooled stock venue.
  b. stock clump.
  c. stock agreement.
  d. mutual fund.
  e. maximal diversified investment (MDI).



Laurenleakan

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Answer to Question 1

d

Answer to Question 2

d



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