A firm has a fixed cost of $1,000, a total cost of $1,050 when one unit of output is produced, and a total variable cost of $80 when two units of output are produced.
-At one unit of output this firm has a total variable cost of:
A) $50.
B) $75.
C) $100.
D) $150.
Correct Answer:
Verified
Q55: The cost that is greater than zero
Q56: In the short run, all costs are:
A)
Q57: Over the short run, total cost is
Q58: If a firm incurs a cost of
Q59: A firm has a fixed cost of
Q61: A firm has a fixed cost of
Q62: A firm has a fixed cost of
Q63: Total variable costs:
A) increase as output increases,
Q64: Short-run total cost:
A) increases as output increases,
Q65: Average total cost is the:
A) cost per
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents