Multiple Choice
Use the following figure to answer the question : figure 8-1: shows the curves F,C,and G denote the total cost,the total variable cost,and the total fixed cost of a firm.
-Which of the following is true at the output level BT?
A) The firm's fixed cost is RT.
B) The firm's average variable cost is RT/BT.
C) The firm's marginal cost is RT/RB.
D) The firm's variable cost is AB
Correct Answer:
Verified
Correct Answer:
Verified
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