Pat's Catering finds that when it caters 20 meals a week, its total cost is $6,000. If Pat has total variable cost of $5,000, what is Pat's total fixed cost?
A) $50
B) $250
C) $1,000
D) $6,000
Correct Answer:
Verified
Q299: Q300: Q301: Marginal cost eventually increases because Q302: If as output increases average product increases, Q303: Average variable cost is at a minimum Q305: The output at which average product is Q306: A farmer discovers that the total cost Q307: The change in total cost from producing Q308: Which of the following shifts the ATC Q309: The average variable cost curve shifts downward
A) of the
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