The following table shows the short-run total cost data for a firm. All of the following are correct, except that the firm has
A)economies of scale.
B)fixed costs of $80.
C)constant marginal cost.
D)an average fixed cost of $20 at 4 units of output.

Question

The following table shows the short-run total cost data for a firm.  All of the following are correct, except that the firm has
A)economies of scale. 
B)fixed costs of $80. 
C)constant marginal cost. 
D)an average fixed cost of $20 at 4 units of output.

Quizplus · Accepted Answer

The Answer of The following table shows the short-run total cost data for a firm.  All of the following are correct, except that the firm has
A)economies of scale. 
B)fixed costs of $80. 
C)constant marginal cost. 
D)an average fixed cost of $20 at 4 units of output.

The Following Table Shows the Short-Run Total Cost Data for a Firm