Figure 8-14
The following question(s)refer(s)to the below cost curves for one very small firm in a large market.

-Refer to Figure 8-14.If the firm produces 10 units of output,its total fixed cost is

Question

Figure 8-14
The following question(s)refer(s)to the below cost curves for one very small firm in a large market.
 
-Refer to Figure 8-14.If the firm produces 10 units of output,its total fixed cost is

Quizplus · Accepted Answer

Total fixed cost is equal to the vertical distance between the total cost curve and the total variable cost curve at any given level of output. At an output level of 10 units, the total fixed cost is $60.

Figure 8-14 The Following Question(s)refer(s)to the Below Cost Curves for One Very