MCQ Valeria operates a cattle farm. Her total costsare $620,000 per year, and her fixed costs are$250,000 per year. This means that her variablecosts are:A. $370,000B. $620,000C. $142,000D. $250,000E. $870,000

Explanation of Total Costs: Total costs represent the sum of all expenses incurred in running a…

Answered: Valeria operates a cattle farm. Her…

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7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

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Valeria operates a cattle farm. Her total costs are $620,000 per year, and her fixed costs are $250,000 per year. This means that her variable costs are: A. $370,000 B. $620,000 C. $142,000 D. $250,000 E. $870,000