The accompanying table gives cost data for a firm that is selling in a purely competitive market. We can infer that, at zero output, this firm's total fixed, total variable, and total costs are
A)zero, zero, and zero, respectively.
B)zero, $25, and $175, respectively.
C)$150, $25, and $175, respectively.
D)$150, zero, and $150, respectively.

Question

The accompanying table gives cost data for a firm that is selling in a purely competitive market. We can infer that, at zero output, this firm's total fixed, total variable, and total costs are
A)zero, zero, and zero, respectively. 
B)zero, $25, and $175, respectively. 
C)$150, $25, and $175, respectively. 
D)$150, zero, and $150, respectively.

Quizplus · Accepted Answer

The Answer of  The accompanying table gives cost data for a firm that is selling in a purely competitive market. We can infer that, at zero output, this firm's total fixed, total variable, and total costs are
A)zero, zero, and zero, respectively. 
B)zero, $25, and $175, respectively. 
C)$150, $25, and $175, respectively. 
D)$150, zero, and $150, respectively.

The Accompanying Table Gives Cost Data for a Firm That