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Exhibit 7-5 in Exhibit 7-5, What Is Variable Cost

Question 57

Multiple Choice

Exhibit 7-5 Exhibit 7-5 In Exhibit 7-5, what is variable cost when no output is being produced? A) $0 B) $10 C) infinity D) it is impossible to calculate variable cost unless we know the daily wage E) it is impossible to calculate variable cost unless we know fixed cost at Q = 0 In Exhibit 7-5, what is variable cost when no output is being produced?


A) $0
B) $10
C) infinity
D) it is impossible to calculate variable cost unless we know the daily wage
E) it is impossible to calculate variable cost unless we know fixed cost at Q = 0

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