The Lawn Ranger, a Landscaping Company, Has Total Costs of $7,000

Multiple Choice

The Lawn Ranger, a landscaping company, has total costs of $7,000 and total fixed costs of $5,000. The Lawn Ranger's total variable costs are

A) $2,000.
B) $3,000.
C) $5,000.
D) indeterminate because the firm's output level is unknown.