Multiple Choice
Suppose a firm is producing 250 units of output.At this level of output,average fixed costs are $20 per unit and average variable costs are $80 per unit.It can be concluded that total cost is
A) $40 per unit.
B) $0.40 per unit.
C) $2500.
D) $100.
E) $ 25 000.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q79: Suppose a production function for a firm
Q80: If a firm uses factor inputs that
Q81: The table below provides the annual
Q82: A firm that is maximizing its profits
Q83: The opportunity cost of any factor of
Q85: A firm that has two or more
Q86: The opportunity cost to a firm of
Q87: The following data show the total
Q88: The table below provides the total
Q89: A firm's capacity is defined as the