At 200 units of output, total cost is $52,000 and total variable cost is $35,000. What does total fixed cost equal at 200 units?
A) $260
B) $900
C) $17,000
D) $85
E) $175
Correct Answer:
Verified
Q20: The law of diminishing marginal returns helps
Q21: Which of the following statements is false?
A)Money
Q22: Consider the following information about a business
Q23: Which of the following statements is true?
A)Costs
Q24: Costs that do not change with output
Q26: If a firm earns normal profit, then
Q27: At 1,000 units of output, total cost
Q28: Which of the following statements is true?
A)Explicit
Q29: Carol says the following to an economist:
Q30: Fixed costs
A)are equal to explicit costs plus
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