Solved

If Average Fixed Costs Equal $60 and Average Total Costs

Question 214

Multiple Choice

If average fixed costs equal $60 and average total costs equal $120 when output is 100, the total variable cost must be

A) $40.
B) $60.
C) $6,000.
D) $8,000.

Related Questions

Q209: A large aircraft manufacturer, like Boeing, may

Q210: For a firm that wants to remain

Q211: The share of college degrees earned by

Q212: The short-run average total cost (ATC) curve

Q213: The rate of return that owners of

Q215: In order for the law of diminishing

Q216: Which of the following is true about

Q217: With respect to the average cost curves,

Q218: If fixed costs are $200,000 and variable

Q219: The relationship between average and marginal variables