Exhibit 6-6 Total cost curves

In Exhibit 6-6, the total fixed cost is:

Name: Exhibit 6-6 Total cost curves In Exhibit 6-6, the total fixed cost is:
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Question

Exhibit 6-6 Total cost curves

In Exhibit 6-6, the total fixed cost is:

Quizplus · Accepted Answer

Total fixed cost is the horizontal distance between the origin (where the quantity produced is zero) and the point where the total cost curve crosses the y-axis. In this case, the total fixed cost is 1,000 since this is the intercept point of the total cost curve with the y-axis.

Exhibit 6-6 Total Cost Curves