Multiple Choice
Granite Tops for You uses 15 units of capital at $5,000 per unit and employs 50 employees at a cost of $500 each. What is the company's fixed cost?
A) $250,000
B) $5,000
C) $75,000
D) $500
Correct Answer:
Verified
Related Questions
Q75: Granite Tops for You uses 15 units
Q76: Big Truck Hauling Company uses 5 units
Q77: At its current output level, Pretty Flowers
Q78: Big Truck Hauling Company uses 5 units
Q79: All of the following cost curves have
Q81: If the price of a fixed input
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents