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 two units of output this firm's total fixed cost is:
A) $770.
B) $920.
C) $1,000.
D) $1,080.
Correct Answer:
Verified
Q57: Over the short run, total cost is
Q58: If a firm incurs a cost of
Q59: A firm has a fixed cost of
Q60: A firm has a fixed cost of
Q61: 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
Q66: The cost per unit of output produced:
A)
Q67: Marginal cost is the change in:
A) total
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