Multiple Choice
Ernie's Earmuffs produces 200 earmuffs per year at a total cost of $2,000 and $400 of this cost is fixed. What is Ernie's total variable cost?
A) $800
B) $2,000
C) $1,600
D) $2,400
Correct Answer:

Verified
Correct Answer:
Verified
Q126: After constructing a new factory, the cost
Q127: The law of diminishing marginal returns occurs
Q128: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The table above
Q129: Jefferson's Cleaners<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt="Jefferson's Cleaners
Q130: If a firm's marginal product of labour
Q132: If the wages a firm pays it
Q133: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The table above
Q134: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The table above
Q135: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above figure
Q136: Most total product curves have<br>A) output first