Multiple Choice
"Fill in the blank" in the table below and then answering the question below.
-Which of the following statements regarding total fixed costs is correct?
A) When total fixed costs are graphed,the curve will rise from the origin at a constant rate.
B) When total fixed costs are graphed,the curve will be horizontal.
C) Total fixed costs equal total variable cost less total average costs.
D) Total fixed costs rise slowly at first,but then more quickly as output increases.
E) Total fixed costs equal total marginal costs plus total variable costs.
Correct Answer:
Verified
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