At 500 units of output, total cost is $50,000 and variable cost is $5,000. What is fixed cost at 500 units?
A) $55,000
B) $5,000
C) $9,000
D) $45,000
Correct Answer:
Verified
Q168: The formula for average total cost is
A)
Q169: The formula for average total cost is
A)
Q170: Fixed costs do NOT include
A) electricity.
B) rent.
C)
Q171: Which equation is NOT correct?
A) TC =
Q172: Average total cost can be found by
A)
Q174: Assume that the fixed input for a
Q175: An example of a fixed cost is
A)
Q176: An example of a variable cost is
A)
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