Table 12-1 Table 12-1 Shows the Short-Run Cost Data of a Perfectly

Multiple Choice

Table 12-1

Table 12-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 12-1.What is the fixed cost of production?

A) $0
B) $500
C) $1,000
D) It cannot be determined.