Multiple Choice
A firm's average total cost is $80, its average variable cost is $75, and its output is 50 units. Its total fixed cost is
A) less than $100.
B) between $100 and $200.
C) between $200 and $300.
D) more than $300.
Correct Answer:
Verified
Correct Answer:
Verified
Q37: A firm's long-run average cost curve<br>A) shows
Q38: Fernando charges the restaurant Flaming Fernando's $1,000
Q39: When plotted against the total output, what
Q40: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q41: Total product divided by the total quantity
Q43: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above
Q44: Cost schedule<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Cost schedule
Q45: The LRAC curve generally is<br>A) shaped as
Q46: Average total cost minus average variable cost
Q47: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Dustin's copy shop