Multiple Choice
-If, in the short run, the level of output is zero, which of the following statement is TRUE?
A) Total variable cost is zero but total cost equals total fixed cost, and both of the latter exceed zero.
B) Total cost and total fixed cost graphs will begin at the origin.
C) Total fixed cost will also be zero at first but will rise once output rises.
D) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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