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Author Question: A firm is producing 1,000 units of output for which the average variable cost of production equals ... (Read 113 times)

tingc95

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on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


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tingc95

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Reply #2 on: Jun 30, 2018
Correct answers!


Laurenleakan

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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