The Farley Farm, a Dairy Company, Has Total Costs of $15,000

Multiple Choice

The Farley Farm, a dairy company, has total costs of $15,000 and total variable costs of $2,000. The Farley Farm's total fixed costs are

A) $0.
B) $13,000.
C) $17,000.
D) indeterminate because the firm's output level is not known.